The EUR.USD is one pair on my watchlist into Monday / Tuesday.
Although i posted a H&S formation on Wednesday, price has now failed to accelerate away from the 1.0550 level after forming a low test candle.
Due to the this weak bounce of a strong support level, i will be looking to take this pair short into early next week.
Although i posted a H&S formation on Wednesday, price has now failed to accelerate away from the 1.0550 level after forming a low test candle.
Due to the this weak bounce of a strong support level, i will be looking to take this pair short into early next week.
Kommentera:
I will be looking for a break below 1.055 level before direction is confirmed.
Kommentera:
