Getting ready for a long-term run with potential Sell entry around 1.0826-1.0860 and a final target 1.00.
Comment:
Pin bar formed after rejection of price 1.082.
Comment:
Decent drop of price from 61.80% to 78.60% (from 100 to 50 MA)
Comment:
Beauty. Pullback from 1.052 can be expected, but I think not more than 1.061.
Comment:
Next entry might be around 1.0750.
Comment:
Price is now testing the upper trendline from the descending channel. Opportunity to sell soon, but volatility can be high this week.
Comment:
Price action at the upper trendline from the channel.
Comment:
Price is now below 50 SMA. If new rounding bottom will be formed, it can push EUR/USD up again. Breaking below monthly support, can open space for further downtrend, down to parity.
