EUR/USD shows the same scenario (II pattern) on 1D chart as it was previuosly (I pattern). Technically speaking price can go down to the support level of 1.05600 in a long run.
On 4H chart i can see that price breakeven trendline, did pullpack and now being rejected by the round price level 1.12000.
In my opinion price can go down to the level 1.09500. It is easy to see how people like round levels.
NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.
No comments:
Post a Comment