EUR/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.14444, 1.14526, 1.14601
Key Support Levels: 1.13898, 1.13545, 1.13502
We have seen a beautiful breakout out of the wedge pattern, but it seems as though we may need to pull back briefly before we can continue upwards. Our current resistance area is very small in range, so this may be a relatively quick move out of its range.
EUR/USD Medium-Term Trend:Bearish
We have seen a larger cycle (abc)-green play out, and within that (c)-wave, and internal abcde (blue) count. If this is accurate, the bullish cycle is over and we need to see a pullback.
Sell Limit order @ 1.14445
TP 1 @ 1.14015
TP 2 @ 1.13700
Stop Loss @ 1.14795
Trade Safely 🙂