Euro / U.S. DollarShort
EURUSD at inflection point
Updated
The last 2 candles indicate a doji pattern, ie a possible trend reversal as it hit the bearish
trend line (dotted line). So, it can push higher towards the next target of 1.112 before retracing.
Today closing would provide a better view of next week performance if the price does close above or below 1.110 level.
Watching closely.
trend line (dotted line). So, it can push higher towards the next target of 1.112 before retracing.
Today closing would provide a better view of next week performance if the price does close above or below 1.110 level.
Watching closely.
Note
a false breakout indeed, pulling a fast one once more on the late buyers only to fool them out of their money. a doji followed by bearish engulfing candles gave it away.....
once 1.10923 breaks down, all hell breaks loose ......
Get ready for the ride down!
Note
congrats to those who followed. It is having a pull back now, await for the next opportunity to sell.Note
USD drops yesterday as the uncertainty of US-China trade deal agreement to be signed by this Sunday is haunting many traders. Thus, EURUSD picks up pace to charge up. It is now at the top channel of the bearish trend line and we await to see if it breaks out or performs a false break out. We are getting close to the dateline along with FED speech coming up.Note
I hope you see the power of trend line now, haha. It touches nicely on the dotted bearish trend line and immediately heads south. Nice short, congrats to those who followed.
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