THE BEARS ARE COMING THE BEARS ARE COMING

The Euro has not been in good shape for some time now. A set of bearish harmonics has formed on both the daily and the four hour chart. After the down momentum started, it reached the 382 fib and just as expected, it rejected the 236 fib on the retest. Now the euro being very weak, we can expect to continue the downward momentum to the 618 fib and TP would be 1.6030

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Trump's unexpected tariffs caused the dollar to fall and in return, the euro rallied and hit a stop loss at the 236 fib. TRADE CLOSED