EURUSD, as explained in my previous post on 14th Oct, has continued to climb and reach the top of a 3-Month falling channel.
Since then, the price found resistance and moved sideways and at the same time, it broke below a rising trendline which signifies for a probable reversal.
Yesterday after Draghi's final speech, EURUSD came down steadily and reached 1.1100.
Retracement has taken place and traders can look for a selling opportunity from 1.1130 to 1.1120.
Since then, the price found resistance and moved sideways and at the same time, it broke below a rising trendline which signifies for a probable reversal.
Yesterday after Draghi's final speech, EURUSD came down steadily and reached 1.1100.
Retracement has taken place and traders can look for a selling opportunity from 1.1130 to 1.1120.
Comment:
Target profit from 1.1020 to 1.1000
