EURUSD shows arguments to expect a further decline on different timeframes. Wait for Negative Reversals on Relative Strength Index or CFG to short the market.
Next target: 1.146 (based on weekly timeframe)
Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe)
See analysis of multi timeframes below:
M) Down: topping at 60, below fibo 50% level (1.22) protecting bear perspective
W) Sideways: RSI < MA's, on its way to test MA's on price around 1.146
D) Down: RR, NR TA Hit, resistance at 1.17586 and 1.17111
4H) Down: NR TA Hit, Range Rules, resistance at 1.17094
Search for NR's to enter the market
Next target: 1.146 (based on weekly timeframe)
Invalidation point: 1.17111 (recent bottom on daily and 4H timeframe)
See analysis of multi timeframes below:
M) Down: topping at 60, below fibo 50% level (1.22) protecting bear perspective
W) Sideways: RSI < MA's, on its way to test MA's on price around 1.146
D) Down: RR, NR TA Hit, resistance at 1.17586 and 1.17111
4H) Down: NR TA Hit, Range Rules, resistance at 1.17094
Search for NR's to enter the market