EURUSD Analysis

20 Mei 2018

Good Evening traders,

(1)

This is my point of view on the EUR/USD (Daily Chart), as we can see:

- Price still under 20 - 50 EMA ( still Bearish ).

- Cup & handle shape about to finish forming.

- B/R Support area around 1.15890 - 1.15540, Expecting bounce or continuation of the downtrend to hit the major support.

- Major Support at around 1.14737, Expeting a bounce back up to retest the 1.15890 - 1.15540 area, then down we go to the our next support area.

Wait for re-entry around the B/R area ( 1.15890 - 1.15540 ).

(2)

Another poing of view:

Price might hit the Support area at the end of the upside-down cup & handle (B/R Support area around 1.15890 - 1.15540) then bounce back up to the 1.20400-1.20750 area & down after that forming a head & shoulder pattern, where the ( B/R Support area around 1.15890 - 1.15540 ) will be the neck line.

please feel free to comment below on my analysis, I'm a beginner & I'm here to learn.

25 Mei 2018

Nota

Price is moving smoothly in the same direction as the analysis.