Weakening Weis Waves and Shift low lower highs
On the dailies, EURUSD was making higher highs for several weeks (see the three peaks) until recently lower high consummated. Bullish weis waves have trickled to mere ripples. Price can no longer go higher as it is apparently hitting an invisible wall.
Expect the currency pair to drop to 1.17 near the next strong support
Expect the currency pair to drop to 1.17 near the next strong support