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EURUSD: Continuation pattern prior to next decline still in playEURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way... Whilst being written another pin bar of heavy selling has been created, only confirming that this is a sucker's rally. This time we need to keep away from the EUR cookie jar. It's pretty much empty. The last hour of trading only adds weight to that outlook. Look to sell from the smaller upper parallel if retested and then to sell again once the lower parallel is broken on the downside. EUR has much further to fall over the coming weeks, as per recent comments.
by sumastardon