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NEW LOWER HIGH CREATED AT THE, 61.8%(C) RETRACEMENT.
RETEST OF MONTHLY RESISTANCE, REJECTED.
CONFIRMING OUR NEW DESCENDING CHANNELS SOLIDITY.
A,B,C,D PATTERN FORMATION FROM THE MOST RECENT SWING HIGH,
EXPECTATION: TO HIT OUR FIRST TARGET OF 1.0960s BY
THE 23RD OF JUNE JUST IN TIME TO CONSOLIDATE WHILST THE STERLINGS FATE IS DECIDED.
Daily chart of the EU v DOLLAR
Upside for the foreseeable future and i mean until we hover at around 1.260s as i talked about on the Monthly chart displaying the overall BIAS for EURUSD.. but we have to acknowledge this major resistance level that is in our way on the Daily, we may stumble reaching it if we do not close above the previous high by the close of...
EURUSD - LONG
If you take a step back and look at any currency pair on a greater timeframe you will have clarity on the overall market direction, and be able to identify key points of support/resistance based on historical price action, which logically are more respected as the volatility of the market is lesser.
Once you have identified these areas, proceed...