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mohemati

#EURUSD 2 interesting areas for bearish continuation

Short
Euro / U.S. Dollar (FX:EURUSD)  
mohemati Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Fundamental Analysis trendtrading trendlineanalysis fibretracement candelstick forexsignals fomcnews correctivestructure supportandresitance supply_and_demand
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trendanalysis fundamental trendtrading trendlineanalysis fibretracement candelstick forexsignals fomcnews correctivestructure supportandresitance supply_and_demand
*please be sure to remember that today we have FOMC meeting and they are going to announce funds rate and their policies for coming meetings with a high possibility of a lot of movement in the pairs specially USD pairs during news and while FOMC chairman speaks.

Other than that we have 2 very important area for price to turn and possible continuation of downside movement.

As you can see in the chart we have clear downtrend move in action in EURUSD pair and price been forming bullish corrective move since new low was formed.
Trade closed: target reached:
after FOMC funds rate release USD gained a lot of strength and as a result ERUUSD moved in a direction that we anticipated and hit the profit target.
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