Dear friends, in my previous EUR/USD analysis, I told you to sell near
the 1.1820 level. ( idea.chart attached below). So, anyone who followed
has made very good profits.
Currently, price is hovering near the 1.17 level. At this stage there could be
some consolidation before the next big move.
There could also be some pullback before the next downtrend.
I am still expecting price to drop to the 1.1580 level where I will consider
putting a buy trade.
However, I would wait for a pullback and then some bearish price action
before putting new sell trades at this stage.
the 1.1820 level. ( idea.chart attached below). So, anyone who followed
has made very good profits.
some consolidation before the next big move.
There could also be some pullback before the next downtrend.
I am still expecting price to drop to the 1.1580 level where I will consider
putting a buy trade.
However, I would wait for a pullback and then some bearish price action
before putting new sell trades at this stage.