EURUSD was pressed to the bottom of its Gartley pattern's PRZ (blue) last week.
The Dollar strength crashed the EURUSD on Friday almost to the breakdown point - below 1.1.
If the Dollar's momentum will continue also on Monday, EURUSD may break below 1.095 and continue lower towards 1.075-1.08 to complete a bigger bullish pattern (green) - Gartley pattern.
Pay attention to Draghi's speech on Monday and to ECB meeting this week.
I've marked two bearish scenarios for the week - The first is the breakdown scenario (trigger with a close below 1.095) and the other is following a short term bullish pullback.
THE bullish scenario for this week (and for the near term future) is the completion of a bullish Gartley near 1.08 should EURUSD reach there
The Dollar strength crashed the EURUSD on Friday almost to the breakdown point - below 1.1.
If the Dollar's momentum will continue also on Monday, EURUSD may break below 1.095 and continue lower towards 1.075-1.08 to complete a bigger bullish pattern (green) - Gartley pattern.
Pay attention to Draghi's speech on Monday and to ECB meeting this week.
I've marked two bearish scenarios for the week - The first is the breakdown scenario (trigger with a close below 1.095) and the other is following a short term bullish pullback.
THE bullish scenario for this week (and for the near term future) is the completion of a bullish Gartley near 1.08 should EURUSD reach there
