EURUSD BEARISH MOMENTUM
Last week we saw an impulse to the downside from 1.13500 to 1.12000 breaking 1.13000 support structure on the daily TF. Pulling our fib on the impulse we can see price made a correction to the 61.8% of the fib and from the we had further confirmation from the 4hr tf which formed a head and shoulders. Upon the completion of the right shoulder we can scale down to the smaller tf to look for entry with to at 1.10500.
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.