EUR/USD: A bearish key day reversal candle. With a lower high in place the triangle congestion scenario still remains the most preferred outcome. Ideally the pair should have stalled at 1.0930 (78.6% of the preceding move) but as can be seen the market has had great difficulties holding above that level. With yesterday’s bearish key day reversal the next leg within the triangle is most likely underway and if our assumption is right we should see the 1.06-area being scrutinized next week.I think also till USD strong, so the EUR/USD DOWNTREND MOVEMENT.
No comments:
Post a Comment