More down side expicted now after the 2nd break of the tiangle and back test
Breaking the triangle and back test it more down move expected to reach target at 1178 zone
After reaching the target at 61.8 @ 1.5805 zone price completed the pattern to change direction to the downside expected support at 61.8 at 1st target ad if it didnt hold the demand zone as a target again with expectaions for reaching the 1.5500 as a final target
Euro still holding ad moving according to this scenario and looking good waiting the 61.8 and 50% fib to see what price could possibly do there
Looks like euro is not having any power of breaking the 50 and 233 ma's to test again the 61.8 zone Price is still holding pushing down from the downtrend to test again the Demand Zone If that Zone brokern the coming target at 1.2200 Looking good
Waiting the Break out for this triangle on Gold for more direction Most likely the break out gonna be down as long as the 233 holding over price with a support from the 55 ma
break out from the last pattern tracking charts
With the the price reaching the Demand Zone and bouncing back reaching the 1.5720 area forming tow triangles waiting the price to break the 1st black triangle on the up side as long as price holding over the demand zone targitig the 2nd bigger triangle upper trend line . expect the price to break the 2nd triangle to reach targets at 161.8 and the 61.8...
reaching the 233 ma and 61.8 fib and a nice supply looking good for more down move on gold will wait market open to keep shorting gold for the coming next week