EURUSD On the Rejection of Weekly Trendline. Break or Respect?

8月12日

EURUSD ANALYSIS

Based on my overview of the current EURUSD , Im waiting for EURUSD do some big reaction on the current price. And waiting for the High impact news which give some hint to this pair.

As i see on the technical Analysis for swing and intraday setup, There are several confirmation i will use to before execute entry.

• Firstly, if look at the weekly trendline from both support n Resistance of Trendline, it show the pattern which is Triangle. This cause EURUSD stuck in it bigger picture.
  
• The Price currently show the rejection On the H4/D timeframe at Trendline Resistance and New Resistance already achieve at last week.
  
• Thus its the good time to take a short currently but still manage the risk for entry as there are many High impact news incoming which will show the next Direction of EURUSD