An important swing low has formed on EUR/USD
EUR/USD formed a bullish pinbar last week, and Friday's bullish range expansion formed part of a 3-day bullish reversal (morning star pattern). It appears an important swing low formed on Thursday, and any pullback towards Thursday's high will catch our bullish interest.
Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see a bearish spike or two before bullish momentum returns, although prices are holding above the weekly pivot point.
AN initial target is 1.1020, then on to Friday's high.
Prices are flirting with a break below 1.10 ahead of the European open, and perhaps we'll see a bearish spike or two before bullish momentum returns, although prices are holding above the weekly pivot point.
AN initial target is 1.1020, then on to Friday's high.
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