EURUSD bearish channel on H1

1 min read

2015-05-26_10-27-13

As we could see on yesterday’s webinar, EURUSD has perfectly followed the analysis dropping down and breaking through the big support 1.0950. Today I expect the movement to continue but because all CAM levels have been broken I needed to use Very accurate Pivot Points for next levels. 1.0900-10 is holding the channel so the pair could proceed to 1.0847 level during this day. Any bounces towards 1.0927 could be used for shorts. From the current perspective 1.0900-10 could reject the price ( L5, Channel ) immediately.

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read the original article on AdmiralMarkets.com

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