EUR/USD Bearish Continuation

August 14, 2017

By Admiral Markets

The EUR/USD seems prepared for one more leg down to test the 1.16 support zone before continuing with the uptrend.

The arguments in favour of a larger bearish correction include:

  1. The EUR/USD completed 5 bearish waves
  2. Price showed divergence between the tops
  3. Price is moving with the trend in a corrective way

Check out the video to see the confirmation level, invalidation zone, and trade ideas for the EUR.USD.

Chris also analyses the USD/JPY and GBP/USD.

Article by Admiral Markets

Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Source: EUR/USD Bearish Continuation

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

7 years ago