FXTM

EURUSD may test 1.1850 before reversing ?

FX:EURUSD   Euro / U.S. Dollar
The EURUSD pair has been quiet since last 24 hours after printing highs at 1.1820 levels. Please note that the next resistance in line is at 1.1850 levels and if 1.1820 give away, bulls would like to test 1.1850 levels before giving in to bears again. As an alternate though, it is quite possible that a meaningful top could be in place at 1.1820 and EURUSD could be carving a potential triangle at a lower degree. If the latter count holds, prices could stay below 1.1820 and reverse sharply from current price action. Please note that the movement/breakout could be very sharp after the consolidation. We remain neutral for now.


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Excellent! Thanks FXTM!
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when it can happen?
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Seemes Uptrend isnt done yet!!
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Great insight.
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