EUR is tending lower

2018년 10월 1일

Morning guys,

Last week was a reversal one right from strong daily resistance. As a result, we've got bearish engulfing pattern on weekly chart, which, as a rule,
takes the shape of AB=CD action on lower time frames.

Since we also could recognize H&S shape here, our expectation is EUR should reach ~1.1450 area, by forming right shoulder and upside retracement first,
as it is shown on the chart:

Deeper all time frames EUR analysis and fundamental market background you could find on our signature link.

2018년 10월 2일

액티브 트레이드

Today EUR touches this support line with butterfly "Buy" on hourly chart that could trigger upside leg and right arm of H&S that we're watching here.