EURUSD Possible Move To Downside
With Rejection @ 1.1760 Level with a Strong Engulfing candle, the bears could be in control going into next week and a lot of catalysts are lining up for them:
- 4th Leg looking like it has finalized and the 5th leg starting
- Bearish Engulfing candle at what is now strong resistance
- Weak retracement into engulfing candle
- Well underneath 50MA and RSI rejection at 50
- Possible TP at around 1.1620
- Covid + for POTUS, and no stimulus yet for the US
Let me know your thoughts, comments, suggestions, etc. Cheers have a great weekend folks!!!
- 4th Leg looking like it has finalized and the 5th leg starting
- Bearish Engulfing candle at what is now strong resistance
- Weak retracement into engulfing candle
- Well underneath 50MA and RSI rejection at 50
- Possible TP at around 1.1620
- Covid + for POTUS, and no stimulus yet for the US
Let me know your thoughts, comments, suggestions, etc. Cheers have a great weekend folks!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.