Yesterday the battle was lost for the bulls, they got the control in their hands for a while but at the end the bears won. The problem, even so, remains with the risk reward. 1) the most strong resistance is still quite above the actual high. 2) the very first support is some what near to have a good risk reward ratio As long as the price do not close above 1.3318 the price will still have a significative chance to push to the down side but, to this reversal (the shooting star) remains in charge, needs that price do not close above the actual highs and even better, nor above 1.32
Comments
Loubani
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Most traditional books say that Shooting star is a bullish sign while its not... The bears are in control and that's why price didn't stay up. Anyway, Euro fundamentally has one way down. Technically, it would have to retrace to the origin of the demand zone in the 1.27 neighborhood.
7pasos
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I don't know what do you read but must change it!
Loubani
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Maybe... I'd rather not to be a sheep in the herd following whatever people say. G luck