Hello Everyone. Sorry I haven't posted in a while. Busy Busy. Just thought I post a bigger picture of EU. As you can clearly see we are in a Bearish Channel that we have been in for some time. You throw in some fib retracts on this recent downfall and we have breached the .618 pull back of support. Sooo whats next. .786 is the next stop for support around 1.081. If support is not found there. Then we head to 1.00 for a double bottom. Considering the bearish channel, and how well we are respecting that channel. Could price go down to touch the bottom of the channel around .90 ??? Well considering what's going on with Euro government.. its a very high chance.
As always before trading wait for the setups on the lower time frame to reduce DD. Good luck everyone!
As always before trading wait for the setups on the lower time frame to reduce DD. Good luck everyone!