- Weekly
EURUSD has been on a significant downtrend over the last year and continues. Price is below the cloud, so we could expect more bearish momentum.
- Daily
Price has bounced off of the bearish trend line and broken a bullish counter trend (4H). We can see that the area around 1.1250 is an area that has been tested multiple times. It could be a nice TP Zone for the sell.
- 4H/1H
Price has closed below Kijun multiple times, and shows more wicking off of the major trend line. Price has also broken and retested 1.13750. We could see price fall back and consolidate again around 1.13000 and 1.12500.
EURUSD has been on a significant downtrend over the last year and continues. Price is below the cloud, so we could expect more bearish momentum.
- Daily
Price has bounced off of the bearish trend line and broken a bullish counter trend (4H). We can see that the area around 1.1250 is an area that has been tested multiple times. It could be a nice TP Zone for the sell.
- 4H/1H
Price has closed below Kijun multiple times, and shows more wicking off of the major trend line. Price has also broken and retested 1.13750. We could see price fall back and consolidate again around 1.13000 and 1.12500.
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