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EURUSD LAST 2-DAY REJECTION A PAUSE OR REVERT TO MEAN?

Long
FX:EURUSD   Euro / U.S. Dollar
Last two trading days candlestick for EURUSD ended in rejection, this could possibly indicate the pair is ready to pullback to its mean before another run up to 1.23000 as posted in our November 17 post (see below). However, with dovish (or rather a mixed) NFP report last week Friday, market reaction may look unpredictable short-term causing the pair continue its uptrend. But following the candlestick pattern, a pullback to a mean seems more likely...

N.B
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-ALWAYS Use Proper Risk Management In Your Trades


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