Short

EUR/USD:SELL After GDP Release Data + Gartley Pattern SHORT

Updated

As predicted yesterday, the EUR/USD reacted to some technical factors' confluences and the GDP release news today. Yesterday the price created a Gartley pattern where our entry was between 78.6% FIBO and 127.2 FIBO extensions and just in this area, where is placed the dynamic trendline by the Bearish channel plus the presence of the 200 Moving average and also, the divergence on the Stochastic indicator in overbought as for the RSI, the price make a Doji candle and converted the previous vain hopes for a start of bullish trend into a new Bearish impulse in the direction of the main trend. Today the Gross Domestic Product release a +2.6% from the previous data, this will help the USD Dollar to have more strength and come back to be aggressive with the EUR.

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