After breaking down H&S support and making initial decline to 1.16,
EURUSD
is now bouncing back and trying to restest previous support level @~1.175, which now clearly acts as resistance
In addition, trading seems to be ocntained inside downward channel for now, and reaching its higher bound we got clear rejection.
I believe we are at good levels to attempt low risk short entry with possibility to see below 1.14
EURUSD
is now bouncing back and trying to restest previous support level @~1.175, which now clearly acts as resistance In addition, trading seems to be ocntained inside downward channel for now, and reaching its higher bound we got clear rejection.
I believe we are at good levels to attempt low risk short entry with possibility to see below 1.14
