This is a Eurodollar daily chart that has been bearish since May 2018 trending at an angle of 309 degrees which then consolidated before breaking again towards 1.30000
At this price we have two identifiable features being a HEAD AND SHOULDERS and A THIRD SUPPORT BOUNCE
My question that I raise with this analyses is, could the Euro gain strength towards 1.5562 before continuing on the original predetermined trend to the BIG APPLE? or could we see a STRONG BULL to 1.17000 before reversing
This chart has Retraced at 50% on the Fibonacci.
Your input will be highly appreciated.
At this price we have two identifiable features being a HEAD AND SHOULDERS and A THIRD SUPPORT BOUNCE
My question that I raise with this analyses is, could the Euro gain strength towards 1.5562 before continuing on the original predetermined trend to the BIG APPLE? or could we see a STRONG BULL to 1.17000 before reversing
This chart has Retraced at 50% on the Fibonacci.
Your input will be highly appreciated.