EURUSD – Sellers on continuation of trending idea

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EURUSD – Sellers on continuation of trending idea

Trend: Sell/ Neutral

Support/Resistance:
R3: 1.10631
R2: 1.10157
R1: 1.09898
S1: 1.09646
S2: 1.09405
S3: 1.09014

Price action:
Market on EURUSD currency pair is still more bearish then bullish. At the moment bears broke important support zone and they are continue way lower. Our expectation on this trade is to broke first support level and then price is able to test lower targets. If price can broke second resistance again which will be very hard from bullish side, then it is expected that price can test third resistance level.

Potencial trade idea:

Bulls targets:
T1: 1.10631

Bears targets:
T1: 1.09646
T2: 1.09405
T2: 1.09014

NOTE – We are trading EURUSD via the preferred trading setups


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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