On one hand, we have an inverted head and shoulders formation on the 1h and 4h time frames, therefore, price is still supposed to be heading to 1.4860,
However, not sure what state the Euro is in, so...if we see a break to the downside, as illustrated by the green drawing down, then price will fall.
Either way, we will know soon enough.
However, not sure what state the Euro is in, so...if we see a break to the downside, as illustrated by the green drawing down, then price will fall.
Either way, we will know soon enough.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.