EURUSD Weekly:
• Price has once again spiked out of range and closed below 1.1485 with a huge rejection showing sell pressure coming into the market.
• Price has been stuck in range for 11weeks. Price looked bullish with break of descending trendline however, struggling to break out of range.
EURUSD Daily:
• After breaking out last week through 1.1485 upon this week open price gapped back down below 1.1485.
• I do see this pair revisiting 1.1350 support however we will need to see how price reacts to 1.1427 first.
EURUSD 4hr:
• Eurusd on the lower timeframes is currently in a small bear trend printing lower highs & lower lows.
• Recent low was formed after break of ascending trendline + 1.1485, now awaiting retest of this level before entering sell positions to 1.1427.
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