EURUSD
EURUSD closed @ 13065 which was BELOW the open and breached the previous day's
low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 20
pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Bearish and the
Price is Mildly Below the MA, so the Bulls have to be Sidelined. Hourly Trend is
Sideways Down while 13205 holds and Daily Trend is Sideways while 13410 holds,
so expect the Price to be Choppy with a potential to Break Lower. The Daily
time frame, the Price is below the MA's and pointing horizontal , the Bears
gained towards the close. The Patterns are suggesting lower lows are expected.
The Hourly time frame, the Price is below the MA's and pointing down, the
Oscillators are suggesting a downside bias . The Patterns are suggesting lower
lows are expected . The 15min time frame, suggesting that lower lows are
expected but we may see a pullback ,13120/13205 are the Critical levels to watch
to maintain the Bearish Outlook. The Opening Price Principles are suggesting
that EUR is weak against only two crosses so Cautious approach is needed and
High-Low time does not gives us good signals.
BULLS: 13005 12930 12865 BEARS: 13080 13150 13215
Today's Strategies: SHORT near 13080 13120 with a tight stop with a 35-50 pips price target.
