EURO started moving in a nice upward channel starting 2nd April. 1st sign of exhaustion can be seen on 12th April, followed by the one on 17th. Finally, we've seen a big dump on 18th which broke upward channel to the downside with a massive 75-80 pips movement.
The pair is currently trading near 1.1245 range and the nearest level of support can be seen at 1.118-1.119x
It would be interesting to see how that support holds. Overall, trend is currently looking bearish on all timeframes.
The pair is currently trading near 1.1245 range and the nearest level of support can be seen at 1.118-1.119x
It would be interesting to see how that support holds. Overall, trend is currently looking bearish on all timeframes.
Trade closed: target reached:
It touched support line shown at 1.119xx and retraced back to 1.122x
It might retest support and even breaks it, but I'm out with a profit.
It might retest support and even breaks it, but I'm out with a profit.