EURUSD headed to 1.0773

3 thg 3, 2020

EUR/USD is currently in a down Capital AB with an unfulfilled 38.2%, but has also, most recently, created a bearish sub-crown with a formation of the Right Tip @ the max. 78.6% retracement. Following the huge sell-off, we were anticipating a rally back to resistance, which has now occurred. At resistance from the backside of the downtrend line, it appears as though resistance is holding. I am therefore looking to short this down to 1.0773 (anticipated 1.27 extension), placing my S/L above the "A" @ 1.1239.