Price is testing third time Major support zone. I'm looking more for break or little more consolidation before true break and ride to the Weekly/Daily zone. Overall we have good momentum down. Today are high impact news for USD. Possible fakeouts
I see the price will at least test 1.17050. But we need to be aware today are high impact news for EUR. Scenario2 is to break of trendline and continue momentum up.
My eyes see scenario of the continuation momentum up to atleast big zone where TP2 is. If we look from Daily/Weekly picture we see on weekly how price fakeout. *There were news* If we turn down we should watch for possible buys/sells depends what will price action tells us. Overall we are in downtrend but still on Weekly Zone. Lets see
If we look on 4h we see price is in consulidation zone. Price had serval rejactions on DAILY Zone i'm expecting price to drop to around 1.15600. There as we see on green zone we had many rejactions on 4h Timeframe. If we draw trendline from 03.01.2017 to here. We get serval bounces from it. Lets see what will happen we can catch some nice waves if price will...
Overall we are in downtrend. But still looking for a potentional buy where i put my singal previous week. Scenario 1: We can go test upper 4h Resistance zone and trendline and continue momentum down Scenario 2: We break upper Trendline and zones and we go test bigger Resistance Zone. Scenario 3: Like i draw now and still watching for buy limit to be activated....
I'm looking for a strong break of Weekly Zone. Price can go take some fuel from upper zones before a true break but overall we are in strong downtrend so lets see what will happen. After break we are going Zone to Zone.
I see price will come and test atleast one more time "Weekly/Daily support Zone" and possible bounce of trendline. I think price needs little more fuel of consolidation before any strong break. Possible fakeouts! If this scenario will respect my analysis we can catch nice waves.
I see nice correction in tunnel before countinue moumentum down or possible break of all Resistance zones and keep moumentum up, because we break trendline of 4month of downtrend. Searching buy on 1,32000 bounce of trendline and fib of 61.80% Second scenario on red line down we can break the tunnel and come test weekly zone again.
The price tested monthly fibonachi of 78.60% and 61.80% fibonachi on 4h chart. We can look for another sell oppertunity on Elliot wave of "4" where is fibonachi 78.60%. The price ended uptrend and we have some high impact news comming for EUR and in the middle of the week for USD. I'm looking that price will go back down to monthly fibonachi of 61.80%, why not.....
I see the price breaks the uptrend from Monthly and Weekly channel. Probbably is making downtrend looks perfect to come visit back the Monthly support, Fibonachi of 38.20% and previous support before make a push down to weekly fibonachi of 50.00% and nice looking of Daily support and weekly fibonachi of 61.80%. We never know so lets see what the price will do.....
My eyes see that its going to test a trend line, Monthly support and Fibonachhi of 23.60%. *The blue bigger lines are previous support of floor and top.
From a bigger picture of Monthly and Weekly looks like it going to do a down trend. We never know so lets see!