EUR/USD H1 Trend watch!
Prior to yesterday's late D1 analysis on EURUSD ( check former posted idea ).
The price has successfully slightly paved the UNTESTED SUPPORT level @1.17030 as predicted late yesterday and currently trying to retrace.
The BEAR is still in power trying to push to the next Support barricade. Already approaching a 1 time VERIFIED SUPPORT area @ 1.16545 from DAILY chart. This possibly means Fiber has a long way to go beneath.
However, several Retracement will occur. be guided with the trend lines and turn back points.
POSSIBLE MARKET MOVES
As it stands, a weak resistance level has been formed late yesterday @1.17305 and beneath it is a possible resistance region @ 1.16924.
There is an high tendency of further downward moves (CHECK CHART for better path illustration).
pick your entry point and observe all risk management as an EVENT comes up soon.
The price has successfully slightly paved the UNTESTED SUPPORT level @1.17030 as predicted late yesterday and currently trying to retrace.
The BEAR is still in power trying to push to the next Support barricade. Already approaching a 1 time VERIFIED SUPPORT area @ 1.16545 from DAILY chart. This possibly means Fiber has a long way to go beneath.
However, several Retracement will occur. be guided with the trend lines and turn back points.
POSSIBLE MARKET MOVES
As it stands, a weak resistance level has been formed late yesterday @1.17305 and beneath it is a possible resistance region @ 1.16924.
There is an high tendency of further downward moves (CHECK CHART for better path illustration).
pick your entry point and observe all risk management as an EVENT comes up soon.
Penafian
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