EURUSD a potential selling opportunity (14/03/2019) 11:53

EURUSD a potential selling opportunity (14/03/2019) 11:53

On March 14, 2019, Posted by , In Uncategorized, By , , With No Comments

EURUSD.DMAH4.png

EURUSD has been steadily creating lower highs followed by lower lows. This indicates that it is the Bearish forces that are currently dominant. For this reason, it is best to seek for Bearish signals. The price has rallied towards a prominent resistance on H4, this trend line has been acting as resistance, we have seen the price dropping thrice as a reaction to that trend line. Therefore, we are expecting more or less the same reaction as the price has made it towards that trend line. Furthermore, the price happens to be in the fib zone. This indicates the price range where the retracement is likely to end. For the above mentioned reasons, we are of the belief that the price is ought to fall towards the 1.1030 price range. Thus proving this to be a potential selling opportunity. >>>Please await for further confirmation before entering

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