EURUSD is in a downtrend in the short term targeting 1.1030 and eventually 1.0980 area.
Weekly Daily and 4H charts are favoring the continuation of the move at lower levels.
Strategy:
SELL at current levels and at any pullback towards 1.1060-80.
STOP LOSS: Above 1.1100.
TP: 1.1030 and 1.0985
MULTI TIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Bar at Important reistance
Daily: Trend reversal signals and channel top
4H: H&S pattern and trendline break
Weekly Daily and 4H charts are favoring the continuation of the move at lower levels.
Strategy:
SELL at current levels and at any pullback towards 1.1060-80.
STOP LOSS: Above 1.1100.
TP: 1.1030 and 1.0985
MULTI TIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Bar at Important reistance
Daily: Trend reversal signals and channel top
4H: H&S pattern and trendline break
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