We had a break below the Daily Support and also on a Trend line. Giving us a very beautiful retest on a 4hr TF.
We finishing up our retracement before continuing to create a new higher high.
It has broken the trend and started to create the highs
A close below 1.00493, we will see the pair falling all the way down to 0.99200
We looking to complete the Head and Shoulder formation then we start dropping.
We looking to go up, however if we break the Support and retest, we gonna be looking for a big move downwards.
We looking for the price to have a small retracement up to 1.31860 before making our way down to 1.29328
On EURUSD we expecting the market to push up to 1.14300. We see that on 4 hour we were failing to stay below the price of 1.13570. we also broke out the 4 hour trendline and retested it, we might see the market pulling back to the price of 1.13580 before we start going up. our first target which will be 1.13808 before we consider 1.14300 and beyond that price.
With this pair we looking at the upside move it's about to make. If we fail to close below the price of 1.2876, the we will see the high of 1.3001 being taken out and making our way up to 1.3199. however if we break and close below 1.2876, then we will expect the price to drop down to 1.2795 before we moving up to our target.