EURUSD Technical analysis


EURUSD started the month at MM2 and has now reached its monthly target (MM4) headed down. price is also at a major resistence level with stochastics exiting overbought. my plan is to catch the downwards move on a lower chart.


price is at the WPP level at the bottom of an upwards channel with stochastics oversold, bulls will look to enter here but since my bias is a bear on this pair i'll wait for it to enter my fib area and look to sell. Bears could also look to be short term long and long term short.


we are nearing the daily profit zone and here bulls will look for a reversal pattern and buy on the pull back

2 thoughts on “EURUSD Technical analysis”

  1. Teboho Faro says:

    I love how youre a bear but realise there are still possibilities to the downside

  2. Maryna Murray says:

    Hi Giveness, from a pure price action point of view the bears can sell while market stays below 1.0825. Next target will be at 1.7212 area with a break below taking it to 1.0635. A move above 1.0825 will negate bearishness for now.

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