EURUSD, breakout or fakeout?
EURUSD has recently rejected off the demand zone and also the 0.786 Fibonacci level,
to top it off, price formed a bullish pin bar along with a bullish engulfing.
Along the way it has also broken out of a minor parallel channel.
Looking bullish in the long term but the short term play may result into bearish continuation, will be watching for how price reacts at the 1.088 zone and then the 1.082 zone
to top it off, price formed a bullish pin bar along with a bullish engulfing.
Along the way it has also broken out of a minor parallel channel.
Looking bullish in the long term but the short term play may result into bearish continuation, will be watching for how price reacts at the 1.088 zone and then the 1.082 zone
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