EURUSD: Will it Reverse?
EURUSD keeps on pushing high. It finally reach the 1.20 area and is now showing signs of a huge resistance level. Looking for a shorting opportunity for next week will be great. The daily time frame is showing bearish candle formation. After today US data release, price pulled back right into the 61.8 fibs before falling back down. All are great signs of downside potential. We might eventually get a head and shoulder in the coming weeks. What are your thoughts?
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