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EURUSD M5 Technical Analysis

2017-05-03_21-03

Forex Technical Analysis for EURUSD M5 and Price Action as listed below:

Rising Support

S/R

Rising Channel

Narrow Sideways Channel

Historical S/R becomes Resistance

New support forms the bottom of Narrow sideways Channel

MC

Needless to say M5 is currently Bear and in the Zone.

Best Regards,

Sir Gissachance

Comments

  • Really nice chart Sir Gissa, the patterns tell a story we must follow. 

    All the best JR

  • Nice Techs and as usual the data translation is uncanny
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