EUR/USD Weekly Analysis
"On Monthly:
It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down.
If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV.
All three EMA, 200, 50 and 20 are nicely Bearish.
-- On Weekly:
It broke through Daily Bullish trendline and broke through 1.0500 Historical and Psychological number and it's bouncing up to mose likely test the trend line again for potentially further Bearish move.
All three EMA 200, 50 and 20 are Bearish as well.--On Daily:
It is hiting the 1.0600 Resistant . Depending on the formation which can make Inverted Head & Shoulders OR just head down bearish, we can determine our Entry.
All three EMA 200, 50 and 20 are Bearish as well.
-- On Hourly:
It seems it going to touch 1.0600. If it touches and get rejected, then there is a nice Bearish opportunity.
All three EMAs are Bullish as of now. But as it consolidate at 1.0600 Resistant, it's most likely squeeze these three EMA befor break down Bearish and cut them. "
It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down.
If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV.
All three EMA, 200, 50 and 20 are nicely Bearish.
-- On Weekly:
It broke through Daily Bullish trendline and broke through 1.0500 Historical and Psychological number and it's bouncing up to mose likely test the trend line again for potentially further Bearish move.
All three EMA 200, 50 and 20 are Bearish as well.--On Daily:
It is hiting the 1.0600 Resistant . Depending on the formation which can make Inverted Head & Shoulders OR just head down bearish, we can determine our Entry.
All three EMA 200, 50 and 20 are Bearish as well.
-- On Hourly:
It seems it going to touch 1.0600. If it touches and get rejected, then there is a nice Bearish opportunity.
All three EMAs are Bullish as of now. But as it consolidate at 1.0600 Resistant, it's most likely squeeze these three EMA befor break down Bearish and cut them. "
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