EUR/USD going to 1.162 - Week, 1.33 - Year, 0.665 - Later

EUR/USD going to 1.162 - Week, 1.33 - Year, 0.665 - Later

4 September 2015, 09:27
forexintel
1
123

Have been expecting the formation of a 'W' zz formation in H4, but didn't expect the price to come to the current level. Probably the W looks more like a W at this price level. If the price goes below the previous low of 1.101, then it is going to be a free fall for the next few weeks. But for now, would like to expect the formation of W in H4, hoping that 1.108 will provide a strong support. Once the price goes below 1.101, then it is a confirmed SELL trend.


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