patogarcia912

EURUSD needs to confirm its' direction before making a decision

FX:EURUSD   Euro / U.S. Dollar
Ok so EURUSD             already broke down that trendline , it almost re-tested it thrice, we can't say that's a double top because it passed through the trendline again and came back in, but I also see what could be a mini head and shoulders forming there.
Since it already reached a .618 Fibs retracement... I would expect a BEARISH scenario, but I need it to confirm its' intentions before making a decision.

Any opinions on this?
Very hard to find some qualified scenarios, as we are reaching the end of side movement.
+1 Reply
patogarcia912 John_Boba
Exactly, even when I wouldn't call this a consolidation the truth is that it hasn't revealed a direction yet.
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