1) EU is bearish in long term
2) EU reacted on the supply which initiated the BOS on the left side in 2016
3) Wyckoff on going with a lot of sell orders, a liquidation happen in the supply
4) Double block and brake of structure in weekly timeframe identified.
I'm expecting the price now to reach 1.04 around STB level and continue downside.
This is interesting if you have you EUR to managed it and switch it to USD in order to avoid losing EUR value.
2) EU reacted on the supply which initiated the BOS on the left side in 2016
3) Wyckoff on going with a lot of sell orders, a liquidation happen in the supply
4) Double block and brake of structure in weekly timeframe identified.
I'm expecting the price now to reach 1.04 around STB level and continue downside.
This is interesting if you have you EUR to managed it and switch it to USD in order to avoid losing EUR value.