EURUSD - BEARISH MOVEMENT AHEAD

28 Nis 2016

EURUSD has respected the top of the sideways daily range by failing to make another higher high (HH). We see price currently lining up in a bearish channel forming a lower high (LH).. This LH also aligns with the head and shoulders pattern clearly seen on the daily timeframe. A break of the bullish hourly trendline could provide us a sell entry with a TP around the previous LL at 1.12150. Looking for a break and retest before entry. Zoom into lower timeframes for precise entries. Trade your plan