Completed the pullback the pullback - Maybe heading to 1.1 now
The pullback I wrote about in the Weekly Markets Analysis ( goo.gl/XFmdhN ) maybe over as $EURUSD rallied back to the 200 SMA line and found resistance.
Now, we have potential short term bearish setup as I expect EURUSD to reach 1.11 or 1.1 which are this week's buy zone.
1.1 is still a major structure zone and that's where the price will meet also the new uptrend line $EURUSD has been generating over the last few months.
Bearish - 1.13 to 1.11
Bullish - 1.11 (1.1) - 1.14
Now, we have potential short term bearish setup as I expect EURUSD to reach 1.11 or 1.1 which are this week's buy zone.
1.1 is still a major structure zone and that's where the price will meet also the new uptrend line $EURUSD has been generating over the last few months.
Bearish - 1.13 to 1.11
Bullish - 1.11 (1.1) - 1.14
