Hello,
Looming at the EURUSD contination in the 1D downtrend, the most recent pullback seems to have hit a level of resistance @ the .50 fib level as well as the neckline of the previous double top. Waiting to see if it breaks the 1H resistance at 1.10559 and see the continuation drop to levels around 1.09961
Looming at the EURUSD contination in the 1D downtrend, the most recent pullback seems to have hit a level of resistance @ the .50 fib level as well as the neckline of the previous double top. Waiting to see if it breaks the 1H resistance at 1.10559 and see the continuation drop to levels around 1.09961
Kommentar:
Perfectly as expected looking for a slight pullback to the 1.0218 level 4H is showing a large bullish engulfing candle after slowing downward momentum right at resistance