Bearish harmonic pattern can drive Euro to 1.11
The bearish harmonic pattern you see in the chart can drive EURUSD back to nearest support zone - 1.11.
Bulls should focus on 1.11 and seek for bullish reversal inside this price zone - Potential targets are 1.12, 1.13 (PRZ) and 1.14 (weekly structure)
Bears should take profits near 1.11 and hold half of their positions for extended target zones like 1.1 and 1.08
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Bulls should focus on 1.11 and seek for bullish reversal inside this price zone - Potential targets are 1.12, 1.13 (PRZ) and 1.14 (weekly structure)
Bears should take profits near 1.11 and hold half of their positions for extended target zones like 1.1 and 1.08
Read more about EURUSD, BTCUSD, Oil, Dollar and the Dow in this week's newsletter
#WeeklyMarketsAnalysis
That means that the pattern is still valid and therefore my weekly play.