Higher Low Invalidates Bearish Bias

Euro Fx/U.S. DollarFXCM

Description

⋅ Apr 2, 2015 9:36 AM

Pair appears to have carved a higher low above the 61.8% retracement of 1.04568 to 1.10511, invalidating our bearish bias. Pair may well still turn lower and break south but we holding flat as high risk of bounce (protect your profits!).