EUR/USD might be making a u turn we can start seeing it reversing probably for the rest of 2021 . The downtrend correction is arguably over .
About a few months ago I shared by bias on the EUR/USD expecting a drop so far price was following form and I still trust the reversal will occur . We saw about 38.2 fibo retracement I like the use of channeling techniques and seeing price obey it . This correction phase could be an A-B-C or probably a W-X-Y correction that doesn't really matter what we care about is knowing the overall direction .
We need to see price break below the previous low of the A / W leg before actually expecting the reversal . Really EURUSD and pound USD might start the upside trend for the rest of 2021 .
Every pair against the Dollar will continue to its previous direction from Friday and probably on Tuesday/Wednesday the direction might switch up .
www.aggressivetrading.org
About a few months ago I shared by bias on the EUR/USD expecting a drop so far price was following form and I still trust the reversal will occur . We saw about 38.2 fibo retracement I like the use of channeling techniques and seeing price obey it . This correction phase could be an A-B-C or probably a W-X-Y correction that doesn't really matter what we care about is knowing the overall direction .
We need to see price break below the previous low of the A / W leg before actually expecting the reversal . Really EURUSD and pound USD might start the upside trend for the rest of 2021 .
Every pair against the Dollar will continue to its previous direction from Friday and probably on Tuesday/Wednesday the direction might switch up .
www.aggressivetrading.org