EURUSD is encountering strong resistance at 1.08883 level
After a false breakdown, a retest and reversal candlestick pattern is formed.
After breaking the downside resistance, the price does not go up and most likely will not be able to do so.
On Thursday, news may be released that could reinforce the decline.
If the price returns in the pattern boundaries, but we should expect a decline to 1.065.
After a false breakdown, a retest and reversal candlestick pattern is formed.
After breaking the downside resistance, the price does not go up and most likely will not be able to do so.
On Thursday, news may be released that could reinforce the decline.
If the price returns in the pattern boundaries, but we should expect a decline to 1.065.
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