As EUR continues Declining due to many factors such as;
Germany Locomotive decline & the Coronavirus.
I don't think if its a good time to enter EURUSD although it hit the Dubbed "MACRON GAP" it's better we hold on until we get a clear picture of the Trend.
Wishing you all Success!
To my personal conclusion, the market will be sell considering the;
-- Rectangle chart pattern
-- Descending triangle
-- Head & Shoulders
** and if you observe too well the same pattern came up many times in the H4 chart dated back to September 2018 -- October 2018 & January 2019 -- March 2019
**** That makes strong both 1.32698 Resistance line 1.29145...
it seems like the USDTRY could break the 6.99141 Resistance and Continue Bullish, based on my Forcast the USDTRY will be Bullish although interest rates were cut by 0.75% on 16/01/2020 Making the price fall to 5.80, I came to a conclusion that it will continue being Bullish probably to 6.1900 before it pullsback.