There was an evening star formation off the bearish trend line. Also price is at the second shoulder of what appears to be a H-S. Price just made a third hit to the trend line, hence a good confirmation for bearish trend of the euro. Sometimes the third hit is a fakey, so caution needs to be exercised. Partial profits needs to be secured as quickly as possible or...
UJ formed an M-top during London open and dropped. There’s possibility that the pair will drop to the lower value of 109 during the NY session. Fine to watch and see
