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EURUSD Fresh Levels to Add Short

EURUSD Fresh Levels to Add Short

EURUSD retested 1.17000 resistance, made a double top and failed to break above as predicted.

The pair is testing 1.16570 support. Break and close below 1.16570 will carry the price 1.16000.

A better than expected U.S CPI will trigger the new bearish wave.

We will add short  EURUSD after the breakout of 1.165000. Targets 1.16000 and 1.15600.

Conservative traders should wait for the U.S CPI.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

EURUSD:  Forex Trading involves risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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