trendline, supply, momentum loss, possible retracement from two consecutive strong bearish push (daily) eu analysis as buy, nu sell
bullish trending market, current move is the retracement. strong bearish momentum likely to continue after breaking through current 110.000 support. bearish pin bar at support indicates push-back but sellers still in control. target 109.500. no strong fundamentals regarding either currency till mid-day tuesday.
elliot wave trendline structure. if bottom trend does break, we'll look for sell opportunities
price respected current trendline price and is retesting it. no high impact fundamentals for the either currency
approaching area of resistance, lots of 4hr pins. price to create new higher low inside channel