TECHNICAL ANALYSIS: I am currently bearish towards EURUSD ,price hits supply area and rejects now about to test the MAJOR support zone 1.11750. We may expect EURUSD to stay slightly above 1.11963 before entering MAJOR support. I personally will not do anything to this pair at the moment. Especially with the current situation in the US, it is still unstable to touch the most USD pairs.
CURRENT SITUATION: I will wait for price to enter support zone ,1.11750. Look for some sort of reaction. If there are buyers, i will enter upon retracements for a long position. If price makes a breakout for the low, I will find a retest of support into resistance and place a short position to the next support. Until price can beak above 1.12588, I will stay bearish to the market.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
CURRENT SITUATION: I will wait for price to enter support zone ,1.11750. Look for some sort of reaction. If there are buyers, i will enter upon retracements for a long position. If price makes a breakout for the low, I will find a retest of support into resistance and place a short position to the next support. Until price can beak above 1.12588, I will stay bearish to the market.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
