Forex Analysis Report 8-17-18...Downside Risk In EURUSD To 1.0500
forex·@rollandthomas·
0.000 HBDForex Analysis Report 8-17-18...Downside Risk In EURUSD To 1.0500
<center></center> Depending on who you ask, Euro benefits from individuals, businesses and whole countries by stabilizing prices for consumers and citizens, improving economic stability and growth and integrating financial markets. Many of these benefits are interconnected, so one has to take the good, also comes the bad. The driver appears to be emanating from Turkey, as concerns around financial conditions there have started to worry the ECB about exposure to the situation in European banks. Contagion in the European banking system is something that has long been a concern which is resurfacing now. Lets go to the charts to see how how this is affecting the EUR/USD. Monthly Chart (Curve Timeframe) – the nearest monthly supply is in the process of forming at 1.1750 and the monthly demand is at 1.0500.  Weekly Chart (Trend Timeframe) – the trend is down, price recently broke out to the downside from a two month consolidation, but price is reacting to the weekly demand at 1.1370 currently.  Daily Chart (Entry) – the chart suggest to short the EURUSD on the pull back to 1.1600. It's a round number, plus has the monthly supply zone backing the daily supply zone.  This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.  --- **Published on** <center><a href="https://mentormarket.io/"><img src="https://cdn.steemitimages.com/DQmXuk9bWMiPgXdowVfh4JBSGUXMqQkLa1u7ANwzTssgp25/250%20blue%20Overlay%206.png" alt="mentormarket.io" /></a> by [rollandthomas](https://mentormarket.io/profile/@rollandthomas)</center> --- <center><a href="https://mentormarket.io/legal/termsandconditions"><img src="https://cdn.steemitimages.com/DQmY5feG75MDWS57aX2rSUUa8bhzcZEyb5XKZCHY7FUzmXn/Disclaimer.png" alt="https://mentormarket.io/legal/termsandconditions" /></a></center>
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