The EUR/USD has appeared to have to topped as projected last week. It has followed the channel resistance well so far. A nice close beneath the previous low will also break down the upward sloping channel at 1.0710. A nice close beneath that level should trigger heavy selling pressure with the wave ii) high remaining intact. Once we get a convincing move downward I will restructure the chart and channels to the downside. Look for lower levels immediately from here.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
No comments:
Post a Comment