EurUsd has broken to new highs last week. We are still at the new highs but there is no follow through. I think we're just waiting for some news to start the correction.
Today's candle is a hanging man. We had a significant sell-off near the market open, but buyers were able to push price back up so that it closed near to the opening price. This could be an early indication that the bulls are losing control. The next candle needs to close under the body low, preferably at or below the tail. Important to notice the MACD 2nd crossover. It's turning down from extreme levels after its 2nd crossover. TSI and RSI are heading lower clearly too. Tomorrow's ECB meeting might send this pair down . Target is the 200 SMA.
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After yesterday's hanging man candlestick we have our follow through. We are closing below the 10 EMA. For a daily swing we needed to break below 1.12. Yesterday we were very close but the whole candle was erased. Today we broke below 1.12.
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bhowe
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And thus will go gold lower!
happyluckydog
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thanks for your sharing.
real web buddy.
moment is right. thanks.
JeffDewes
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What is your expectation for tomorrow's UK elections, knowing that conservatives are so far likely to occupy the largest number of seats?