EURUSD climbed through the first half of Monday as an act of retracement.
The price is now seen resisted at the top of a falling channel, as well as the bottom of a previously broken rising channel.
As explained in my previous weekly forecast for EURUSD, the price is most likely to extend fall.
Therefore, the extensive retracement right now gives a good price to sell again.
The price is now seen resisted at the top of a falling channel, as well as the bottom of a previously broken rising channel.
As explained in my previous weekly forecast for EURUSD, the price is most likely to extend fall.
Therefore, the extensive retracement right now gives a good price to sell again.
If you have not entered, pls wait for the price to retrace to 1.1088 - 1.1092 region to sell. Traders who have executed earlier at a higher price can continue to hold until 1.1040 - 1.1020 region.