EURUSD formed a double top a few days ago, and has recently broken below support. We will likely see a movement down to 1.21000 in the next couple of days.
Furthermore, that wave down will put it right on the long term ascending trendline from 4/11/2017.
It may be a good spot to buy there, provided that EURUSD doesn't push below that trendline . We will see.
Remember to do your own due diligence before trading.
Furthermore, that wave down will put it right on the long term ascending trendline from 4/11/2017.
It may be a good spot to buy there, provided that EURUSD doesn't push below that trendline . We will see.
Remember to do your own due diligence before trading.
Comment:
EURUSD may be forming a H&S pattern. We're holding our shorts for now.