EurUsd:
A lot of interesting movement going on within the past week.
After being in an 11-week consolidation phase we’ve finally broke the $1.23 onto the downside currently residing nearly at $1.21 whole figure level.
We’ve found support zones at 50% weekly fibonacci, currently respecting but most likely going to break.
I see possible retracement creating potential double tops on the daily time frame testing $1.23200 specifically, from that point on we should see a strong rejection on Weekly.
My current targets are approximately $1.17500 on the dot.
Our previous weekly high was 1.24137 which was hundreds of pips away, showing us Eu wants to continue respecting it’s overall trend, which is bearish.
We can expect to see lower lows for Gold, Eu, and a few other pairs.
Enjoy.
A lot of interesting movement going on within the past week.
After being in an 11-week consolidation phase we’ve finally broke the $1.23 onto the downside currently residing nearly at $1.21 whole figure level.
We’ve found support zones at 50% weekly fibonacci, currently respecting but most likely going to break.
I see possible retracement creating potential double tops on the daily time frame testing $1.23200 specifically, from that point on we should see a strong rejection on Weekly.
My current targets are approximately $1.17500 on the dot.
Our previous weekly high was 1.24137 which was hundreds of pips away, showing us Eu wants to continue respecting it’s overall trend, which is bearish.
We can expect to see lower lows for Gold, Eu, and a few other pairs.
Enjoy.
Trade closed: target reached:
Target has been reached on Friday's close... Market found support at 1.17500..
Complete beast mode... Hope you guys took this trade.
Complete beast mode... Hope you guys took this trade.