haykeensfx

EURUSD H1 Trend Watch !

Long
FX:EURUSD   Euro / Dollar Américain
EURUSD was SOLD OFF last week touching a 4 month LOW around 1.14317 !

Currently the price is trying to retrace but understanding the pair is very much on a downward trend.
Using the FIB tool , price is expected to touch 50% level of the FIB (as seen on the CHART) before a continuation in its downward move.

POSSIBLE MARKET MOVES

An unsupported level has been formed @1.14317 and a weak support point @1.14855.

As said earlier, we expect a break in the WEAK SUPPORT level to 50% level of the fib before a rest.

NOTE: Take every risk management measure !

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