EURUSD - Sell- Target 1.03891,1.02395
From Quarter, Monthly, Weekly Point of View, the price consolidation occured because its already on its Resistance Area.
The High and the Low of Quarterly Timeframe already formed.
From Quarter TF, already reach R2.
From Monthly TF, already reach R2.
Even From Weekly TF, already reach R4.
From 3 perspective multitimeframe, the price is already overbought and so far from its pivot.
I expect the price will drop very soon to Weekly Pivot (1.03891), or if the drop continues will be able to reach the Monthly R1 (1.02395), if the price reach this area, you can TP and buy.
But now, Sell.
The High and the Low of Quarterly Timeframe already formed.
From Quarter TF, already reach R2.
From Monthly TF, already reach R2.
Even From Weekly TF, already reach R4.
From 3 perspective multitimeframe, the price is already overbought and so far from its pivot.
I expect the price will drop very soon to Weekly Pivot (1.03891), or if the drop continues will be able to reach the Monthly R1 (1.02395), if the price reach this area, you can TP and buy.
But now, Sell.
Penafian
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