mentalSuccess49642

mentalSuccess49642

Our previous analysis has been invalidated cause EURUSD is literally on fire. Even with a shooting star as previous candle and even with USD positive news today the pair keeps going up and up breaking every resistance and previous HH. But it need a correction. Today the price reached another trendline and got rejected. If we don't broke this trendline i expect a...

mentalSuccess49642

EURUSD is extremely bullish rigth now but it need to retrace. I expect resistence on the top trendline which we already retested 2 times and a retrace to .618 fib. After that we complete the inverse H&S and continue with the uptrend. I thinnk that actually the market is making everything ready for the NFP on Friday.

mentalSuccess49642

After Friday spike EURUSD has broken and retested before market close the descending channel . It has formed a double top at 1.180x and in the lower timeframes has a bearish divergence in rsi and macd . Maybe we have a false breakout and then continuation of the descending channel . This week we also have the NFP which may confirm this reversal. We have also a...