Euro / U.S. Dollar
Short

EURUSD-Weekly Market Analysis-Dec18,Wk2

175
EURUSD on daily chart shows a bearish movement. On 4-hourly chart it is a sideway consolidation.

The red zone is within the sell zone, within the sell zone sit a deep gartley setup, if the market touches Point D and close below the upper trendline will give a perfect shorting opportunity.

The trendline shows a sideway consolidation, breaking out of the trend line is inevitable, but the direction of the break will show a likelihood of market direction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.