On Friday, EURUSD was unable to make new highs to close the month and instead pulled back to 1.1976x level, a level where we identified a "Shaven Bottom" candlestick. Also, on Friday there are "Shaven Top" candlesticks near the highs where we expect price to move back up and possibly to make new highs. April was a bullish month for this pair. We're anticipating a follow-through to the upside with this month's low near the 1.1920x level (marked red). That is all for now!
Happy Trading folks!
Cheers!
Happy Trading folks!
Cheers!