EYFMarkets

EURUSD "M" Bearish Pattern?

Short
FX:EURUSD   Euro / U.S. Dollar
G'day, Guys.

Today we gonna analyse Major Pair in Forex Trading which is EURUSD.

EURUSD is the most famous retail & professional trader. That is the reason this pair has the highest speculative pair and SL hunter. Today we gonna talk about this pair.

Based on my analysis, EURUSD forming an "M" bearish pattern in weekly & Daily Timeframe. This will be another confirmation that indicates trader for the long term we will see this pair heading on Downtrend.
But before this happens, the current price creating a correction/consolidation structure. Personally, EURUSD current price gonna reach 1.18980 to 1.2000 Supply zone which completing the market structure and changing direction to a downtrend rally.

Taking advantage of this movement gonna generate more $$$$. Just Dance with the market guys.

Cheers.

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