Weekly Analysis - EUR/USD
"On Monthly:
It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down.
If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV.
All three EMA, 200, 50 and 20 are nicely Bearish.
It trying to break through 1.0500 and keep the Bearish momentum. oppositely, it may create another Morning Star formation.
-- On Weekly:
It broke through Daily Bullish trendline and broke through 1.0500 Historical and Psychological number and it's bouncing up to most likely test the trend line again for potentially further Bearish move.
All three EMA 200, 50 and 20 are Bearish as well.
It seems price is racing up to trendline and/or 1.08000 Resistant, if we consider last week Doji a Bullish move.
--On Daily:
As I predicted last week, the formation for Inverted head & Shoulders for reversing Bearish move for a while. Although, all three EMA 200, 50 and 20 are Bearish as of now. We have to see how long EMAs will hold Bearish status.
The neck of this Inverted Head & Shoulders is holding at 1.0600.
-- On Hourly:
It seems it going to touch 1.0600one more time. If it breaks through and confirms, Bullish move will get started.
All three EMA's are below the price and Bullish.
"
It seems ZigZag bouncing between 1.1200 and 1.0500 Psychological Support & Resistant are getting over and moving down.
If FED doesn't lower the interest rate this month, the Bearish move will continue through January due to Trump presidency and change in GOV.
All three EMA, 200, 50 and 20 are nicely Bearish.
It trying to break through 1.0500 and keep the Bearish momentum. oppositely, it may create another Morning Star formation.
-- On Weekly:
It broke through Daily Bullish trendline and broke through 1.0500 Historical and Psychological number and it's bouncing up to most likely test the trend line again for potentially further Bearish move.
All three EMA 200, 50 and 20 are Bearish as well.
It seems price is racing up to trendline and/or 1.08000 Resistant, if we consider last week Doji a Bullish move.
--On Daily:
As I predicted last week, the formation for Inverted head & Shoulders for reversing Bearish move for a while. Although, all three EMA 200, 50 and 20 are Bearish as of now. We have to see how long EMAs will hold Bearish status.
The neck of this Inverted Head & Shoulders is holding at 1.0600.
-- On Hourly:
It seems it going to touch 1.0600one more time. If it breaks through and confirms, Bullish move will get started.
All three EMA's are below the price and Bullish.
"
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