Looks like a clean H&S pattern has formed, indicating that price will now plummet to the downside. Therefore, My bias for most of the EUR pairs is bearish.
HELLO TRADERS - Let me give you a brief BREAK DOWN of all EURO Index. EUR INDEX WEEKLY CHART : In weekly Time frame we can see price is moving nicely in between this symmetrical triangle. Which is quite possible for the price again to test triangle support line for 3rd touch. I am expecting a bit more room for euro bearish movement. EUR INDEX 2 DAY CHART : In...
we see eurcad long term buy beacouse bearish paraller channel done now market touch major support level we see target weekly level
Less than 117 units are prepared for the target of 112 units
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
Look at the shape carefully We have two scenarios for the Euro move, it may climb to a higher level or it may start to fall. And I'll follow up on this analysis again this week To see how the market reacted Our Telegram Channel Address : t.me