EURUSD Turning Around

4 Ara 2020

Current 4H candle might become a small sell signal (at first). Think if the current 4H candle closes below 1.213, we should see a bit more downwards pressure. Past day i had in mind, that if it doesn't break 1.22ish, there is a still a chance that the breakout of past weeks might get stopped and see some zig zagging coming weeks or more.

So needs a close below that green zone. Also when looking at the DXY chart, looks like a possible low being set (similar picture but upside down).

Think a first target then would be around 1.2050ish. As long as 1.19ish holds, the trend is up. If it breaks, we could see a period of zig zagging between 1.15/1.22



Previous analysis:

8 Ara 2020

Not

New/update analysis EURUSD