SHORT on 30 Mins
Updated
Euro dropped sharply coz of outstanding USA GDP's Q4 data, which makes it failed to break out 1.1400 and reversed the uptrend. Currently, it's fluctuating between 1.1355 and 1.1375, the 38.2% and 50% retracement of 1.1235 to 1.1515. It's suppressed by the resistance at 1.1395. If it dropped to 1.1355, that should confirm the completion the rebound. Further decline should seen to 1.1335 1.1300 next. Otherwise, though, it breaks out the resistance at 1.1395, it'll turn focus back to 1.1420 and 1.1440 instead.
The target is 1.1335.
Turning point: 1.1395.
Under 1.1395, bearish , target price is set at 1.1355, then 1.1335.
Above 1.1395, bullish , target price is 1.1420,then 1.1440.
RSI technical indicators are bearish and predict further downward trend.
Prior Strategy:
The target is 1.1335.
Turning point: 1.1395.
Under 1.1395, bearish , target price is set at 1.1355, then 1.1335.
Above 1.1395, bullish , target price is 1.1420,then 1.1440.
RSI technical indicators are bearish and predict further downward trend.
Prior Strategy:
Note
Target is reached.
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