USDEUR has been in a clear bear market since Nov 2017 with obvious bearish pattern formations. We have now seen it breakout out of consolidation above the 200 EMA, but it doesn't look like the hope will last. We are coming up to resistance at the previous H&S neckline and shoulder levels. It looks to me like there is a short opportunity with targets at the H&S...
We have seen 3 successive red 1d candles and will almost certainly see a 4th after rejecting 10k. But, we are coming up to a historically strong support and consolidation zone around 8.9k. Sell pressure also seems to be waning. It should not have been surprising that we retraced the volume gap between 9.2k and 8.9k. We are also still trading above the 200 EMA and...
