VF: Our way of thinking: EUR/USD sell

27.08.2015 / 08:58

Rating:

EUR/USD - corrective descending movement

The price closed below 50% correction of the movement, which give signal for possible continuation to levels 61.89% correction of Fibo

Price below the MA`s, which are in bearish formation

Last bearish bar is very strong and it is obligatory to wait for correction 50% of it, for better positioning at the market.

Strong resistance 1.13517, stop above the maximum of the bearish bar, where if there is a breakthrough, the formation will be bullish

CCI/50/ is still below 0, but it giving us a signal for eventually decrease, crossing below the diagonal line

Next supports: 1.1282 and 1.1215

Sentiment: USD is stronger than EUR

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VF: Our way of thinking: EUR/USD sell

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