There is a Diamond Top on the EurUsd, which is a very bearish figure. The Parity has succeeded to break it out, as it was unable to breakout the 1.09418 resistance level, which would have allowed it to seek 1.10686, its rejection level. The pattern shows a bearish market, with 1.05598 as an objective, and 1.06972 as a primary objective.
The daily Pivot Point is around 1.08821. The daily support levels are around 1.08180 and 1.07172. The daily resistance levels are around 1.09829 and 1.10470.
SL: 109429
PL: 1.05606
The FXE, which has always given accurate hints about the EURUSD's trend, is also showing strong bearish signs as a H&S can be noticed on the Chart.
The daily Pivot Point is around 1.08821. The daily support levels are around 1.08180 and 1.07172. The daily resistance levels are around 1.09829 and 1.10470.
SL: 109429
PL: 1.05606
The FXE, which has always given accurate hints about the EURUSD's trend, is also showing strong bearish signs as a H&S can be noticed on the Chart.
