Forex

EURUSD bearish channel on H1

May 26, 2015

1 min read

Christopher Svorcik

Analyst

Market research & company updates. No spam, we promise.

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.

Follow @TarantulaFX on twitter for latest market updates

read the original article on AdmiralMarkets.com

bounce break breakout chart pattern EURUSD bearish channel on H1 Fibonacci fibs fibs and waves forex forex fibonacci forex setups forex trade forex trade setups fx fx setups FX trade fx trade setups price action patterns price patterns S&R setup support and resistance technical analysis trade setups trades trading trend lines triangle wave 1 wave 2 wave 3 wave 4 wave 5 wave a wave analysis wave b wave c waves analysis zigzag

News