After a strong decline last weeks this pair is showing signs of reaction near the strong psycholevel 1.5000
I expect a pullback a this level and the downtrend to continue later.
Lets take a look at D1 chart, we have:
- 0.61 fib retracement and 1.61 fib extension (nice!!)
- ema 200 acting as support
- pinbar showing rejection
- continuum bullish divergence on MACD
I prefer to trade this pair on H4 chart to best pinpoint entry and targets.
- wegde/ending diagonal
- bullish divergence on MACD
- 0.61 fib retracement
- morning star candle pattern
- clear impulse and correction visible on H1 chart
TRADE ONLY ONE EUR PAIR AT A TIME, we have Draghi's speech on Monday and Friday.
Best regards.
I expect a pullback a this level and the downtrend to continue later.
Lets take a look at D1 chart, we have:
- 0.61 fib retracement and 1.61 fib extension (nice!!)
- ema 200 acting as support
- pinbar showing rejection
- continuum bullish divergence on MACD
I prefer to trade this pair on H4 chart to best pinpoint entry and targets.
- wegde/ending diagonal
- bullish divergence on MACD
- 0.61 fib retracement
- morning star candle pattern
- clear impulse and correction visible on H1 chart
TRADE ONLY ONE EUR PAIR AT A TIME, we have Draghi's speech on Monday and Friday.
Best regards.
Comment:
Sunday opened with a gap down so we could entry at better price.