EURUSD PREFERENCE Below 1.38/1.3821

Although Bullish still on the Daily
I'll Be Looking for rallies to sell below 1.38 with targets @ 1.3715 & 1.3645 in extension. which is strong support target towards the 100 DMA

However if prices rise Above 1.38 and hold then I'll be looking for further upside with 1.384 & 1.3875 as targets.

Check list

• 4 hr time frame under pressure
• Evening Star

Hrly time frame

• Hrly sell signal alert
• Decreasing Mac/D momentum
• Harmonic Sell Gartley on the 4hrs
• Stochastic @53.57
• 78.6% resistance from the 100% top expansion
• Price below Hrly 55 DMA
• Prices are below the 4hr Poseidon median Line

I Score the sell Move at 52 to the dwn down side.

My concerns: 

• Remembering we are still Bullish on the Daily.
• No strong Long term sell conformation.

Alternative:

Daily trend is still Postive with a possiable 4th wave ending Now rising into its 5th wave. Targets 1.3805 then 1.44
stops @ 1.3725

1 Hr Time Frame

• Thrusting Pattern
• Prices at 1.3741 Support
• hrly 3rd  wave up Target 1.3808/50

15 min time frame

• Morning Star
• Stochastics are not over brought
• Mildly postive momentum to the upside.

My concerns: 
Prices are still below 1hrly 55DMA
Prices are still below 100/200DMA  on the 15min time frame with a broken poseidon 4hr median trend line to the down side.

Finial Commment : As long as the resistance at 1.38 is not surpassed, the risk of the break below 1.3715 remains high

I score the buy move at 48 to the upside

Kasim Ijelu