After a sharp bearish
impulse experienced after US election, we´re experiencing the proper correction. As part of it we can see now a bearish harmonic pattern butterfly
, as well as a triple top (pin line). Our trade confirmation is located at the 0.74240 level, and our first target TP1 will be 46% or 0.73950 an then continue to complete the bear harmonic pattern
reaching TP2 0.73090. In the long run, technical analysis
is still showing bear
after reaching channel top target 0.71240.