Tradeciety

Fading momentum for now

FX:EURUSD   Euro Fx/U.S. Dollar
138 1 7
The EUR/USD             had a good run up and it hit all targets we laid out, although it has to make it to 1.15.

However, price action shows some fading momentum . The 2.5 Bollinger Spike that came with a divergence lead to a short pullback. Price is now making a new run for the highs. We are looking for a longer reversal trade lower, but it's still lacking a few important criteria. We are waiting for a strong bullish wave and a failed breakout attempt.

The EURUSD             is a pass for now because it doesn't look too bearish , but we keep it on the watchlist.
HumbleTraders
10 months ago
top is near it seems
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