Following on from last week, I can see EURUSD making a bullish pullback to the resistance level 1.10000. as the daily chart is looking like a potential bullish momentum push. It may even surpass the resistance level and retrace up to 1.20000. But if I see the support level broken this week, I will be expecting a bearish momentum to pass the -27% Fib level and...
*All analysis for this was completed on the 4H time frame*
Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a...
Looking from the daily perspective, I can see GA continuing bullish and possibly retracing into the 61.8 zone. The daily candle currently shows a strong bull momentum so will see clearly by tomorrow if the bullish has continued or GA may swing to the downside again. Checked the perspective on the flip chart and could see strong patterns that GBPAUD will be on the...
