EUR/USD maybe too aggressive This is probably too aggressive for this trend. We are at a resistance line and bears could go much longer. I will reevaluate at the bottom of the retracement of the ascending scallop. It is rare that it would do it twice in one pattern but this is what it would look like. I give it a 40/60% chance, keeping focus on the support resistant lines I have marked in red. This is a very long view on the day chart.
I will be going into detail on this analysis Sunday around 23:00-24:00 (UTC)
OANDA:EURUSD
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Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
