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EURUSD : A Reversal Could Be In Sight

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD is moving down as expected, now already in wave c of wave E pullback that represents final leg within a big triangle formation. Now the question is if support levels for wave E will hold or no. We see some nice technical level where bounce may occur, ideally that will be around 1.0800-1.0840. An impulse up from there and back above 1.0926 would be the most important evidence for a bullish continuation. In that case we would even consider long opportunities next week. In the mean-time

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