Ok here we have two potential pattern completions one being the Gartley I saw initially. The other, should it complete, a Bat pattern. Along with RSI I believe the Euro is pricing in a big leg to the downside. I know the patterns are bullish, but I believe the market was confused as Draghi spoke in depth about monetary policy, thanks to the great questions coming from the reporters @ the press release, the market gave back all the gains and allowed the bears to take over and keep the down trend intact.
Full disclosure I would quote resistance @ 1.09300 with support @ 1.08587. Leaving R&R in favorable odds should the pattern(s) complete
Full disclosure I would quote resistance @ 1.09300 with support @ 1.08587. Leaving R&R in favorable odds should the pattern(s) complete