EURUSD - Failure Swing
EURUSD has produced a Failure Swing, which is a change of character.
Price is retesting a resistance zone, which is confluent with Structural Support/Resistance.
Considering price now to breakdown from this zone, and retrace towards the .618 fib level of
1.0937.
The present bias is short.
Price is retesting a resistance zone, which is confluent with Structural Support/Resistance.
Considering price now to breakdown from this zone, and retrace towards the .618 fib level of
1.0937.
The present bias is short.
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