Eur-usd-short
EURUSD - Bearish Week AheadFrom using major support and resistance zones in previous weeks, I can see EURUSD is current sitting above the previous resistance (1.17570) which will now act as a support level. We've also spotted an ascending triangle, from here in expecting price to retrace to the previous resistance (now support) which would also mean a break from the ascending triangle and an aggressive sell off.
We will be setting the Take Profits at 1.16214 with the Stop Loss placed slightly above last weeks high (1.19087). Our risk to reward is 3.04.
TARGET PIPS: 215
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EURUSD - DAY TRADE VIEW EURUSD - Seems like a H&S pattern formation is there on the chart, Wait for the neckline to break down for a trade position.
Good short sell below 1.17050.
Potential downside target 1.16600 - 1.16100
Maintain stop loss around 1.17500
Follow the levels as mentioned
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EUR/USD - Trade Analysis Price failed to break through the daily high for eur/usd at 1.13425. Price currently is in a bearish session. I anticipate price will try to break through the support level placed at 1.13304. I also speculate that price may retrace to the upside as opposed to breaking through and continuing the bearish movement.