Watching EURusd

Hi Everyone,
The Forex Mechanics are very much expecting EURusd to fall like a pack of card just like EURcad did.

See Analysis below

On a monthly Time Frame The Forex Mechanics sees a trend Line that is well respected and we see that region as key decision area See it below

That trendline has been well respected since 2008 So the price is going to hit the trend line in future . But there is nothing like a straight movement in Forex it moves in a zig zag way meaning that along the way it will reverse at some key level areas on a lower time frame . This is why we are going to be looking at the weekly time frame below.

                         

At the Forex Mechanics Workshop we believe that the price will hit 1.13687 which is a key level area on a weekly time frame before reversing. But lets see what is happening on a daily time frame Below 

The price has broken another area of reversal  at 1.12255 level if the price closes above  1.12255 price will continue to the North but if it will reverses it the price closes below 1.12255 . So  The Forex Mechanics are watching.

See you later guys