EUR/USD: The Weekly Probability is Bullish as the

Tian Kriek

Analyst


September 17, 2020 12:08 PM

BEARISH

Daily Trading Range:
EUR/USD: The Weekly Probability is Bullish as the Outer Trend Line was broken to the upside. There is an UP Fibonacci AB Boundary on the Daily chart with a Super Shallow Retracement at the Fib 0.236 Retracement level, however the B-High at 1.1900 was breached to the upside suggesting that price will move higher. Next resistance is the Daily Fibonacci 1.27 extension at 1.2100. I am refraining from trading the EURUSD due to the fact that the Fibonacci D Extension on the USDOLLAR INDEX was hit (USDOLLAR is due for a retracement) Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-16-sep/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.7000
Resistance 2: 1.5000
Resistance 1: 1.2000
Current Price 1.1830
Support 1: 1.1100
Support 2: 1.0500
Support 3: 1.0000

Two Hour Chart

Two Hour Chart
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