PRICE ACTION

PRICE ACTION

piątek, 15 listopada 2013

#EURUSD bearish flag

Anticipate EURUSD to move lower today, as we didn’t have enough strangh to break through Wednesday’s high (1.3497). That view is supported by flag pattern that reached 38,2% retracement where noticable supply zone can be defined. Primary look at 1.3409-27 as a zone that should be broken in order to validate bearish flag and continue downward move at least to 1.3300. In case currency pair moves up watch price action at 1.3500 and 1.3520. Further updates at mentioned levels.

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