Hello
It seems that the euro has no intention of falling short. Many fundamental factors play a role in the rise of the euro as well as the fall of the dollar. We all know that the price moves in the form of a trend and correction.
Here, a bearish butterfly pattern is formed on the daily time frame. I think in this range, a correction will be made up to 38.2 of the previous wave and up to 1.10850.
Good luck .
It seems that the euro has no intention of falling short. Many fundamental factors play a role in the rise of the euro as well as the fall of the dollar. We all know that the price moves in the form of a trend and correction.
Here, a bearish butterfly pattern is formed on the daily time frame. I think in this range, a correction will be made up to 38.2 of the previous wave and up to 1.10850.
Good luck .
Trade closed: target reached:
The price is close to the target and it is about 20 pips away from the price of 1.10850. There may be a correction at the price of 1.11060, but I think the trend is still bearish.