After a + 600 pips rally this pair stalled at a clear resistance area. I think EUR is not ready for a rally against commodity currencies such as CAD, AUD, NZD.
Here on D1 chart we see a trendline resistance also.I would sell right now with SL and targets shown on chart.
Best regards.
*****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade. Any respectful and constructive ideas are welcome (agree or disagree).
Comments
BLKS
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Agree it would go deeper due to a bat pattern form.. but the risk for now is will it continue rise? Because eurusd i think it will rise like my chart point but dunno will it affect this trade or not..