Price is making its retracement to its daily 38% after a parabolic move for a week. trend for-cast is down
making its first pullback to its 20-ema for short trades till daily 38%
Fundamental View : short
Analyst view : short
Major news :Draghi speech (expectation positive for euro)
4 hrs is sideways.price is within a range currently.expecting price to break the upper range and continue an uptrend.
or price could test the top of the range only to reverse back down.daily resistance around 1.41400 level expect support and a rally backup
Move Leg-1st move
Garlty Formation on the Daily time frame
price to hold this level or a possible rally to the Daily S/R level.
Move to the downside is expected , tomorrow London session
waiting for price to make a reversal pattern on the 1/4-hr for an entry