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Friday, May 18, 2018

|>> New Forex EUR/USD Analysis posted May 18, 2018 at 03:45PM

 

" šŸ“Š The EUR/USD daily Forex chart has sold off for 4 weeks in a series of consecutive sell climaxes. That type of a bear trend typically evolves into a trading range. Therefore, the odds are that the daily chart will begin to probe for a bottom and then go sideways for at least a month. The top of the most recent sell climax is the initial target for the top of the range. That is the May 14 high around 1.20. Support is around the December 12 low, which is approximately 1.17. Therefore the range will be about 300 pips tall. "

 

 


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