We were expecting to see higher prices into 86.000 but we saw a shift in market structure from bullish to bearish after two attempts to move price higher by the bulls creating a double top pattern, price is currently trading below the 9 and 18EMA on the Daily timeframe and 4H which makes us to be bearish on this pair. Waiting for a minimum pullback at 0.618 fib level to get in. Good luck trading.
Chart PatternsTrend Analysis

Related publications

Disclaimer