EUR/USD – Short term & Long term.
Euro Fx/U.S. Dollar FX:EURUSD
Today we will be analyzing the EUR/USD short-term and long-term targets.
SHORT TERM-
We have just broken through and closed below the 1.172 major support on the 1 hour and 4 hour time frames and were currently retesting that zone. The target over the next 24hours would be to be falling towards the 1.15 area of support.
LONG TERM-
We could be in the process of forming head and shoulders on the 1-day time frame. This would be a strong reversal at the 1.157 heading back up towards 1.20.
Below is a link to my first video analysis-
https://www.youtube.com/watch?v=AUhQqWD3VnE&t=15s