CapMoore

Sellers in charge as price fails dramatically by the Weekly R1

FX:EURUSD   Euro / U.S. Dollar
3
Price failed rather dramatically today by the Weekly R1/Daily PP
confluence. An ABCD pattern is forming and price seems to look
at the Weekly PP for support at 1,1262. The D-level stands slightly
lower at 1,1234 close to the Aug 12 swing high at 1,1210.
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.