Euro completed major measured move and reacted to major TL test.
Natural area for the EURUSD to consolidate and digest the recent major down move. H/S target achieved at 1.30158 and price bounced off major down trend line that has defined pivot areas of supply and demand since 2013 (dotted black line - see shaded circles for times that price has pivoted off of this line.
Would not be surprised to see a counter trend covering rally develop soon to squeeze late to the party short sellers.
Look to reset short sales at 1.3015 and ideally 1.32-1.3250 range
Would not be surprised to see a counter trend covering rally develop soon to squeeze late to the party short sellers.
Look to reset short sales at 1.3015 and ideally 1.32-1.3250 range
