EUR/USD: IDEA
Here is an analysis on EUR/USD
Currently @ 1.20800
Pair has broken below its Ascending channel
We expect the pair to be bearish to at least 1.20300 before going back to 1.21
The pair did manage to break above 1.21 but treated 1.21200 as resistance which
was the same resistance in the beginning of March before falling to 1.18
Bullish harmonic formation spotted on 4H chart
the pair has to fall to at least 1.20400 for it to be confirmed.
There after we expect the pair to go back to 1.21 due to FOMC before falling
back to 1.19
link to previous analysis below
Currently @ 1.20800
Pair has broken below its Ascending channel
We expect the pair to be bearish to at least 1.20300 before going back to 1.21
The pair did manage to break above 1.21 but treated 1.21200 as resistance which
was the same resistance in the beginning of March before falling to 1.18
Bullish harmonic formation spotted on 4H chart
the pair has to fall to at least 1.20400 for it to be confirmed.
There after we expect the pair to go back to 1.21 due to FOMC before falling
back to 1.19
link to previous analysis below
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