On the 1H timeframe on EURUSD you can see that there is a morning star formation, indicating there will be bullish movement coming soon. Place your stop losses 10 or 15 pips below the shadow of the the middle candle.
On the daily chart of EURUSD you can see there might be an inverted head and shoulder forming. For now the pair will most likely remain neutral seeing. There is also a good resistance at 1.16400. Where do you think the pair will go next?
FX:EURUSD Is still in a bearish trend. According to the Elliot Wave theory there is a corrective wave forming right now. Will expect the market to retrace a bit before its going to start a new bearish trend. You can wait with entering your trade, keep a look out for the pivot points.
After a nice day of selling FX:EURUSD the pair took a short break, forming some correction waves right now. Once the price goes a little again it will then again dive down. Its only a matter of time. What do you guys think?
