Two possible scenarios for the Euro, both immediately bearish
Hello Traders,
What a week for the Euro!
Given the fact that there's no bounce at all in late Friday trading,
chances are Euro weakness may carry onto next wee.
Next target is 1.086 where Fibo expansion 1:1 to 1.1712-1.1086 drop.
Price need to bounce off this low impulsively to activate the alternative view,
otherwise just stay bullish against lower top.
I will not catch a falling knife at this moment until evidence shows a bottom is in place.
Will look closely at price action to go short again early next week.
What a week for the Euro!
Given the fact that there's no bounce at all in late Friday trading,
chances are Euro weakness may carry onto next wee.
Next target is 1.086 where Fibo expansion 1:1 to 1.1712-1.1086 drop.
Price need to bounce off this low impulsively to activate the alternative view,
otherwise just stay bullish against lower top.
I will not catch a falling knife at this moment until evidence shows a bottom is in place.
Will look closely at price action to go short again early next week.
