EURUSD OUTLOOK

9 de set. de 2016

Looking bearish atm as price has been rejecting and the Daily downward trendline with strong bearish Candlesticks in play. We have a possible downside ABCD formation (Target to TL Price Level1.12025 and Stop Loss1.1300). However, I would be seeking the bigger move, but must take each target level into consideration and must re analyse to ensure our next target is still valid. We have a small bearish Harmonic pattern in play which add confluence to our first downside target. We then have a possible Bullish Harmonic in play with possible downside targets of 1.1000. However, the trendline must be breached and demonstrate strong bearish momentum.