joshdonoghoe
Short

EUR/USD - WHERE I SEE PRICE GOING FROM HERE

FX_IDC:EURUSD   Euro / U.S. Dollar
There are 2 possible situations that I believe are most likely to occur from here.

Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity.

Situation 2 - The bears show they are in full control this week and break the very key monthly/weekly line. If this occurs I will be looking for a re-test of 1.145 in order to capitalise on the bearish momentum.


Hope you all have a great week.

Comments

Great insight
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@CHI87, Thank you, hope it helps!
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