EURUSD was climbing at first as it found support and rebounded off 1.1085 on a harmonic pattern too.
However, the bullish trend was weak which led to a technical selloff as it formed a bearish ABCD and the bear took over on the last trading day.
This week, the price is likely to dip lower and will soon reach the bottom of a 3-month rising channel.
We will wait for the price to retrace lower and look for buying opportunity around 1.1055 area.
Also, a big load of euro data will be released in the latter part of this week.
However, the bullish trend was weak which led to a technical selloff as it formed a bearish ABCD and the bear took over on the last trading day.
This week, the price is likely to dip lower and will soon reach the bottom of a 3-month rising channel.
We will wait for the price to retrace lower and look for buying opportunity around 1.1055 area.
Also, a big load of euro data will be released in the latter part of this week.
