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  • Friday, 21 June 2019

    Euro Dollar Expected drop


    The EurUsd currency has shown a number of bearish signs in the previous weeks below the 1.13000 zone until this Friday as we have seen price pushing above the 1.13000 zone revealing the 1.13800 zone, we have taken it to a special notice as per request by our readers.

    Technicals

    Looking at the H4 chart we can see that the EurUsd failed to break above the OTE fib zone on Friday causing a drop at market close. we will be looking for the market to retest the OTE level and also Push up to BAT level before getting to start heavy sells in the market place.

    On the Updated hourly, we have a number of bullish price action sell setups which is a number of inside bars which shows market indecision on the current bullish move which will cause the market to swing back lower to the 1.13000 level and the lower below the 1.12000 level as shown on the Setup below.


    We believe that this setup will work out very well for you and we wish you the best trading this week, all the best from us.

    Sifiso Nkwanyana

    Author & Editor

    I hope you have recieved all the information you seek and thank you once more for browsing our website we hope to hear from you soon.

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