The EUR/USD had a good run up and it hit all targets we laid out, although it has to make it to 1.15.
However, price action shows some fading momentum. The 2.5 Bollinger Spike that came with a divergence lead to a short pullback. Price is now making a new run for the highs. We are looking for a longer reversal trade lower, but it's still lacking a few important criteria. We are waiting for a strong bullish wave and a failed breakout attempt.
The EURUSD is a pass for now because it doesn't look too bearish, but we keep it on the watchlist.
However, price action shows some fading momentum. The 2.5 Bollinger Spike that came with a divergence lead to a short pullback. Price is now making a new run for the highs. We are looking for a longer reversal trade lower, but it's still lacking a few important criteria. We are waiting for a strong bullish wave and a failed breakout attempt.
The EURUSD is a pass for now because it doesn't look too bearish, but we keep it on the watchlist.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog