This is a pullback. The downfall on EURUSD continues!
The downside move on EURUSD is still valid. Yesterday we saw a drop to 1,1760.
Then we had an upside impulse which is currently testing the resistance above 1800.
While price is still below 1,1850 then the downside direction is still in play.
If market goes above that level then that would be a reversal signal.
That's where we should be placing our SL as well.
We're expecting another drop and as soon as price breaks below 1,18 that will again confirm our idea.
Then we had an upside impulse which is currently testing the resistance above 1800.
While price is still below 1,1850 then the downside direction is still in play.
If market goes above that level then that would be a reversal signal.
That's where we should be placing our SL as well.
We're expecting another drop and as soon as price breaks below 1,18 that will again confirm our idea.
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