Will EURUSD do the W formation?

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 2, 2020 2:17 PM

The scenario is indicated in the chart. But, for now, a drop to 1.06 level is looking increasingly probable.
We need to see how this plays out.
For the short term, selling the pullbacks could be profitable for us.

Trend Analysis

Comments

TraderAvDM

⋅ Apr 2, 2020 3:04 PM

Well done. Yes a drop to 1.06 is likely