EURUSD Analysis Week of July 17, 2016
On the weekly timeframe we see a nice range. Resistance at 1.14500 very nicely. The last candle finished with a wick down signaling strength in bears.
Then looking at the daily chart you see nice LH and LL on a downtrend for more confirmation.
Then looking at the 4H chart lets see where we should look to enter on this trend 1.11000 seems like a reasonable retracement area to look for shorts. Trading safe the TP area should be around 1.08500.
Happy trading everyone!
Then looking at the daily chart you see nice LH and LL on a downtrend for more confirmation.
Then looking at the 4H chart lets see where we should look to enter on this trend 1.11000 seems like a reasonable retracement area to look for shorts. Trading safe the TP area should be around 1.08500.
Happy trading everyone!
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