Euro Monthly Chart, the second Time Euro signals a possible Reversal
The first engulfing Candle(marked) failed, got smashed the Month after. Right now it's consolidating the second month after it printed a reversal Candle again. It bounced of 1.086, the open Gap on the Weekly Chart is around 1.072-1.082. So it bounced 40 pips above, where a lot of people expect to Close it soon. This might lead to a relief rally to test previous Levels, critical Points are 1.102-1.093.
The first engulfing Candle(marked) failed, got smashed the Month after. Right now it's consolidating the second month after it printed a reversal Candle again. It bounced of 1.086, the open Gap on the Weekly Chart is around 1.072-1.082. So it bounced 40 pips above, where a lot of people expect to Close it soon. This might lead to a relief rally to test previous Levels, critical Points are 1.102-1.093.