Quantcast
Channel: FXStreet: Reports
Viewing all articles
Browse latest Browse all 127

EURUSD looking to short in the confluence above

$
0
0
The EURUSD dropped like a stone after much better than expected NFP report hitting 1.0710 a historical support which holds the price from proceeding lower. The trend is clear and we also need to watch a possible position where we could enter another sell. H3, WPP, EMA 89 and the top of the equidistant channel mark the zone where we could expect another rejection. The zone is 1.0820-35. A rejection from the zone should target 1.0710 initially. 1.0706 is double bottom so a strong break of 1.0705
Read More

Viewing all articles
Browse latest Browse all 127

Trending Articles