13 Jun 2019

EUR/USD Forex Analysis and Forex Signal

by | posted in: Market Commentary, slick trade, slicktrade, SlickTrade Online Trading Academy | 0

We received a bearish breakout on the EUR/USD D1 timeframe, from our harmonic pattern scanner expert advisor last night.

Our target range for the short position is:

1.124045 – 1.118022

Technical Analysis

What Other Traders Are Predicting

EUR/USD has given confirmation on the daily chart to continue downtrend. Has been below the EMA line for the past 3 days with higher lows and lower lows. Great opportunity to sell down to 1.11300 level.
EURUSD found descending trendline on weekly chart and rejected, price broken ascending trendline on 4h chart and previous daily candle closed as Bearish engulfing ,So now price is oversold, I’m gonna wait for a pullback to get a short entry.

Cheers to another successful week!

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