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Euro / U.S. Dollar
Short

EURUSD reversal?

By fabfive888
Updated
EURUSD divergence on 4hr chart , possible reversal , price need to cross 1.1309 and 100Hr MA .
Comment
1.1309 broken. next to test 1.2937 support.
Comment
support tested next will be back up to test resistance 1.1309 , former support.
Comment
broke 1.1293, retest it as resistance
Comment
price now testing 200Hr MA. cross for more bearish.
Comment
200Hr Ma broken, next to test 100Day MA
Comment
us retail sales as catalyst for the push
Comment
reversal is 50% thru. momentum shld carry some it down some more pips. for a break for lower low , next week FOMC is key. Should Fed signal they are open to cuts, EURUSD will rebound. if no signs of cuts, more wait and see, then potential for more down side
Trend Analysis
fabfive888

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