Last week we saw a huge bull market on the EURUSD, and created a double top pattern at the top at resistance level.
This week we will see further decline to the downside, as the price closed on the Weekly time frame with huge bearish candle, meaning with a lot of momentum.
Once price reaches support, we will start looking for longs as it is a support level which is highly respected by the price.
Thank you for reading this short analysis.
If you have any suggestions or things to improve, comment down below ;-)
This week we will see further decline to the downside, as the price closed on the Weekly time frame with huge bearish candle, meaning with a lot of momentum.
Once price reaches support, we will start looking for longs as it is a support level which is highly respected by the price.
Thank you for reading this short analysis.
If you have any suggestions or things to improve, comment down below ;-)