EURUSD has come out of the congestion phase and has broken support by starting a downward trend.
The trend line up to this point has been perfectly respected so I think the downward trend can continue up to the 1.1255 and 1.1220 targets.
A break of the bearish trendline could be a sign of weakness, but I do not think an immediate bullish movement will start.
However I remain flat waiting for the NFPs.
Cheers,
Andrea
The trend line up to this point has been perfectly respected so I think the downward trend can continue up to the 1.1255 and 1.1220 targets.
A break of the bearish trendline could be a sign of weakness, but I do not think an immediate bullish movement will start.
However I remain flat waiting for the NFPs.
Cheers,
Andrea
I'll update my chart soon!