$EURUSD attempted rally last week was answered by strong selling near weekly resistance.
In this week's Weekly Markets Analysis I discuss about to possible trading scenarios for the $EURUSD:
1. Bullish - AB=CD aggressive buy setup
2. Bearish - Trend continuation towards 78.6 Fibonacci level.
Read more
marketzone.tumblr.com
Also setups for $AUDJPY, $EURNZD and $AUDCAD
EURUSD has reached important 1.3330 and formed a falling wedge. On a weekly it is pressing 50 SMA. If you are not short already, don't chase here, you can even go long with nice RR.
Double bottom with strong bullish divergence.
Daily trading channel that can act as possible Wedge reversal.
Potential targets are marked in the chart as resistance zones.
