EURUSD is still overbought from its recent rally up.
Currently sitting below resistance on the weekly and yesterdays bearish continuation pin bar.
Looking good to fall!
With strength coming back from the USD, we can expect more weakness in the EURUSD following on from yesterdays performance. Plus the value of the EURUSD is way over bought on the RSI monthly and weekly.
Nice little head and shoulders pattern on the hourly and 4 hourly.
SELL NOW
The negative trend resistance line seen on the D1 chart, this has been causing the price to fall for quite some time and as you can see from this positive Head and Shoulders pattern, it looks like it is possible for the price to break through the negative trend line and break into a positive trend, let me know what you think!
Massive buy opportunity to complete an ABCD patter, wait for drop to the 1.272 fibonacci and open a long position to continue the uptrend on the hourly chart. Huge pips
