Compression looks to be short
Analyzing a horizontal compression pattern to determine future movement.
Looking at MACD and Volume to support prediction. MACD indicates a possible downward bounce and Volume is lowering into the weekend as expected but over the course of the week volume has lessened intensity.
All three of these combined trends are suggesting support is weakening and over the next week i suspect the EURUSD pair to be short, retouching previous lows.
Looking at MACD and Volume to support prediction. MACD indicates a possible downward bounce and Volume is lowering into the weekend as expected but over the course of the week volume has lessened intensity.
All three of these combined trends are suggesting support is weakening and over the next week i suspect the EURUSD pair to be short, retouching previous lows.
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