rkarara
Short

EURUSD - SHORT - 1 HOUR CHART

FX:EURUSD   Euro / U.S. Dollar
PROS
- price did not break weekly support turned resistance
(BLUE) (if broken could start uptrend)

- broken through uptrend trendline

- 1.13900 level been tested for S/R multiple times

- 5 sma has crossed over the 10 sma

- price broken the last HL to make a LL

- 4 hour chart showing strong downtrend (strong bearish candles closing below the broken uptrend trendline )

- price broken and retested 1.13900 level (which has acted as support and resistance multiple of times)

- trend continuation trade

- momentum is down with a strong bearish candle breaking through the uptrend trendline

TARGET
- target level is 1.13300

 
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