EUR USD analysis:
Monthly -
Monthly Trend = Down trend
Monthly trend line broken - short indication
Monthly M/A downside - short indiciation
Currently at D1 fib extension of Monthly fib move - downside
Price action currently trading below 68% fib to upside = potential new long term lows
Weekly -
Weekly Trend = Down trend
3rd Bounce on trend line - downside indication
Weekly M/A - downside indication
Currently at 38% C (short opportunity) - 1st target D (0.97786)
Daily -
Potential M/A cross to downsside - awaiting confirmation
Not saying much different to 4 Hour.
4Hour -
4 Hourly M/A - downside indication
4 Hour Temporary uptrend trend line broken - downside indication
Triple Top - Reversal, downside indication
1.10628 - Stop Loss
1st target D (0.97786)
Monthly -
Monthly Trend = Down trend
Monthly trend line broken - short indication
Monthly M/A downside - short indiciation
Currently at D1 fib extension of Monthly fib move - downside
Price action currently trading below 68% fib to upside = potential new long term lows
Weekly -
Weekly Trend = Down trend
3rd Bounce on trend line - downside indication
Weekly M/A - downside indication
Currently at 38% C (short opportunity) - 1st target D (0.97786)
Daily -
Potential M/A cross to downsside - awaiting confirmation
Not saying much different to 4 Hour.
4Hour -
4 Hourly M/A - downside indication
4 Hour Temporary uptrend trend line broken - downside indication
Triple Top - Reversal, downside indication
1.10628 - Stop Loss
1st target D (0.97786)