EURUSD to short @ 1.18547Strong downtrend is still intact. I am looking for more downward movement and would like to participate around 1.18547 which is a good confluence area. Once zone will be hit, I will look for reason of entries
Short @ 1.18547
SL:1.19427
TP:1.17178
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*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
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Eurshort
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED)
Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR
Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week.
$$ Take profit at a psychological number $$ but could reach previous support
SL: 0.93030
Entry: 0.92285
TP: 0.91000
Is this the top for EURUSD? Momentum slowing on DAILY chartIs this a medium term top for EURUSD?
Technicals
Bearish divergence seen on daily chart.
Upside momentum is slowing.
DXY showing same, if not stronger divergence.
Sentiment
Consensus has become EUR positive - in fact, extremely EUR positive.
Fundamentals
All banks raising long term forecasts for EUR.
Even though last month's inflation reading missed expectations, and Draghi wasn't hawkish at all!
This week's ECB conference, UK elections, and next week's Fed meeting all may impact.
Perhaps end of May flows were responsible for the last push up in EURUSD, now may start to fall as fundamentals come back in play.
EURUSD Hourly - Simple, could it hold?Double top followed by 0.618 retracement after the break of the "v" point of the tops.
This also coincide with the highest high (opening) of candle seen 2017-04-23
Makes nice structure, the V point together with the opening high, and the 0.618 fibonacci.
Lets see where this bus takes us. Two targets set up.