EURUSD signals a decline to 1.2040
EURUSD pair opens up new horizons for the decline.
Analyze Monthly, Weekly and Daily 4 1 hour
schedule.
Monthly graph: pay attention to the moving average,
the current level of 1.2233 and not many are beginning to drop. RSI indicates
strengthening downtrend.
MACD prepares to cross the mark of 0, which indicates
prices continue to decline in readiness lo 1.22 and later to 1.2041.
1.2041 is the level of the fractal, the next fractal which can serve as support
for Eurodollar.
The weekly chart, the situation here suggests continued
EURUSD in a very narrow channel, fractal breakout at 1.24999 says
continuing decline in the level of 1.2440
MACD remains bearish trend.
Moving average MA 233 is dense with MA 55, a break
55 from top to bottom, will mean a strong decline in November.
Daily chart, RSI MACD MA everything points to a continuation of
reduction. As well as the closing day candle on Friday, the last day of October, in the
a sustained break through 1.2499 to 1.2485 in the last trading session. In spite of
no more waste to 1.2525 which could serve as a fixation of profits SHORTS
saved.
Intraday trading h4 h1 formed a clear level
consolidation from 1.2508 to 1.2440
Perhaps what the fundamental data will pair
move up to 1.2543 where recommend to set sell orders up to 1.2440
breaks to 1.2233
Recommendations of November, sell (short) at the top 1.25
1.2540 with the aim of 1.2240 and 1.2040
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