Hello there! We are here again. Looking at the current condition of the EU market, you will notice that there is no clear way to predict the next market direction. But from the chart analysis above we noticed how the price dropped drastically from 1.0895 to 1.0836 and proceeded to 1.0765-- these are called descending top. The lowest low has been created and is indicated by the blue arrow mark. Now, what next? I expect the price to gap down and retrace to the resistance to create a range (indecision) before making the next move.
Should You Buy Or Sell? This question depends on whether the price breaks the resistance to the upside or whether the price breaks the support to the downside.
Finally, my bias is no buy or sell right now. Wait for the London breakout.
Should You Buy Or Sell? This question depends on whether the price breaks the resistance to the upside or whether the price breaks the support to the downside.
Finally, my bias is no buy or sell right now. Wait for the London breakout.