EUR/USD - WHERE I SEE PRICE GOING FROM HERE
There are 2 possible situations that I believe are most likely to occur from here.
Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity.
Situation 2 - The bears show they are in full control this week and break the very key monthly/weekly line. If this occurs I will be looking for a re-test of 1.145 in order to capitalise on the bearish momentum.
Hope you all have a great week.
Situation 1 - We either form a double bottom or bounce off of the very key monthly/weekly line of 1.145 before heading higher to around the 1.20 mark. What we would then have is a textbook head and shoulder pattern which would be a very good shorting opportunity.
Situation 2 - The bears show they are in full control this week and break the very key monthly/weekly line. If this occurs I will be looking for a re-test of 1.145 in order to capitalise on the bearish momentum.
Hope you all have a great week.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.