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TheRake
May 3, 2015 9:44 AM

Looks like a new correction is due on the EUR/USD Short

Euro Fx/U.S. DollarFXCM

Description

After completion of a bullish gartley pattern, and touched the upper trendline, and EUR/USD hit former support level now acting as resistance 1.11900 to 1.11650, this trend line has not been touched since since 17th of december 2015 and looks like it's being respected. 100 sma is also in play and looks like a rejection of higher prices. If we can break the 1.1160 then next stop is probably going to be 1.07100.
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