Investor start take profit in EUR means consolidation should be started, the net long position in EUR is in multi-year high.
Overbought and 1211 pips rally should make EUR head for South. the rally for the EUR has finished a 5 wave rally
Overbought and 1211 pips rally should make EUR head for South. the rally for the EUR has finished a 5 wave rally
Commentaire:
it already down another 100 pips and the stochastic is still in high level, we should anticipate more downward moment and the long position is going to upwind.