This chart is still a bear - for that demand even to hold price will need to start making a higher high on the daily, 8hr, or 4hr - not only make a higher high but close higher. If it can do that, the targets above would be seen as retracements till price proves this bottom will hold.
@Ender.genom, the dollar is coming into demand - if demand fails on the dollar it will certainly give credibility for the majors to run up against it - if it holds then we will see reversals - in my opinion
@kate25, Where Euro price is now is to the left we had buy orders. When we cross below buy orders price creates sell orders potentially left behind. The reason why we would think this is there has to be a greater pressure of sell orders to overtake or overcome buy orders
kate25
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@kate25, Ill post this last chart - a short trade cannot be considered till we break bar support - every bar owns its support and resist. To go lower or change momentum price will not only need to break bar support but close lower.
kate25
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price is on the right track - lets see if this can hold into euro open