eurusd bounce

FX:EURUSD   Euro / U.S. Dollar
EUR/USD retraces 61.8% of YTD rally and recovery begins

We had a close below the 50d SMA , and that is bearish ; however, Wednesday’s oversold recovery, “hammer” like candle implies a bounce first.

Gl and remember this is only temporary, the euro is collapsing.
Are you still holding this position?
I´m just asking myself what´s the name of the pattern shown with two black parabolic lines...
TheBanker captain_smollett
+1 Reply
I thought you were looking for parity. This looks very good though. Good work.
+1 Reply
TheBanker AndrewCapko
@AndrewCapko, yup still looking for 0.9
Rocketman AndrewCapko
We all are. When the Euro starts to brake apart if France leaves this year, then what will Germany do next?
Good job, Brit.
+1 Reply
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