We can clearly see that EU is in a clear downtrend and the market has finished its pullback into the 61.8% fib retracement . Now the Market is on its way to make a lower low just below the 1.05 .
First we can see that price on the 4 hourly timeframe has broken the previous structure and made a new high past the previously made lower high which i posted last week anticipating a bear move which actually hit our target. Now that price has broken to make new highs then the next thing to make is a higher low to be made so that price can continue up with the...
Price is still in a downtrend and there is nothing yet to convince us of a bullish sentiment . The chart above is showing us a break of a mini bullish structure on the 4 hourly timeframe . Market broke the structure point and made a new low . Now price on Friday pulled back into the 61.8 fib to find a lower high so that a continuation into new lows can kick in . I...
I can see that price broke out of the falling wedge/channel and went up to break the 1.09750 key level which i am expecting to be retested today and then we can continue to the overall target
