Weekly: pressure, formed, broke neckline and
it is retesting it now.
---> The USD is showing a out look for next
week...before reversing to the upside, this may favor a rise
of the euro to the area of confluences we identified....be
patient and wait for the right price action to form.
Path of least resistance: trading below 200, 50 and 20
,TL, 20EMA, key line, go against the trend
1. Bounce off a key area
2.0.5 fib (almost reached)
4. divergence in the daily and in the 1H and
formingon the 1H
Other confluences: fundamental sentiment on the
euro . GBPUSD is forming a similar setup.