December 10, 2016

Broadening Pattern EURUSD

  • 4 Hour chart shows price testing support zone of the Broadening Pattern. 1.0520 is the crucial low in 4 Hour time frame.
  • If 1.0520 does not hold the weekly lows are likely to be tested.
  • Month chart is in consolidation after a Big down move. Mostly these consolidations are likely to be solved in favour of the bigger move. 1.0456 is the crucial level in week and month charts.