We can see that it has broken the ascending trendline and is now consolidating. it has since retraced back to the trendline nad rejected it. I am hoping it will give us a good break of the support level abd continue downwards. If it gives a clear break we can look for a sell setup
As we can see EURUSD has now broken the ascending trendline. Price is currently testing the resistance zone and i belive it has the potential to make a downside contiuation. I will be looking for bearish corrective structure to confirm the down move.
I am curious to see if gold will hold its support. it has been going sideways for some time. i was bullish when it broke the decending trendline and am waiting for a correction towards the support before i expect a bullish move towards 1350 area. If it breaks through will be bearish in this pair.
please leave a comment if you have any suggestions or comments.