EUR/USD: The Probability is Bearish. The Daily time

Tian Kriek

Analyst


May 21, 2019 03:39 AM

BEARISH

Daily Trading Range:
EUR/USD: The Probability is Bearish. The Daily time frame is in a down ABCD swing. I have also taken profit on the EURUSD due to the bearish crown right tip being hit on the 2 hour chart. I also see the risk for a potential pull back in the USD Index as the USD index is at a high price. I placed a market sell with my target the Daily D @ 1.0900

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.2650
Resistance 2: 1.2090
Resistance 1: 1.2150
Current Price 1.1148
Support 1: 1.1420
Support 2: 1.1350
Support 3: 1.1300

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?