EUR/USD: The Monthly is in a down ABCD swing and the

Tian Kriek

Analyst


November 16, 2018 01:12 AM

BULLISH

Daily Trading Range:
EUR/USD: The Monthly is in a down ABCD swing and the Daily is also in a down ABCD swing. However, since the Daily chart is too close to hitting the down D extension I shall stand aside and wait for the D to be hit and then for a brand new down ABCD swing

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.2650
Resistance 2: 1.2090
Resistance 1: 1.2150
Current Price 1.1344
Support 1: 1.1420
Support 2: 1.1350
Support 3: 1.1300

Two Hour Chart

Two Hour Chart