The second bearish engulfing candle left by EURUSD makes me think that we will test soon the previous resistance zone around 1.195
Trade active:
The movement is developing in the direction predicted, the price dropped below the 9 and 21 EMAs, that now act as resistance and it shall test soon the 1.195 area
Trade active:
After testing the support at the daily 50 EMA (red thick line) three times since my original post, today the price is breaking such support and I foresee soon prices in the 1.19 area