Lets take a look at the Euro/Usd as you can see that we initially rallied towards 1.2210 during the trading session on Friday and then gave back the gains, breaking down to form a shooting star.
At this point, a pullback could send this market towards the 50 Day EMA around 1.2050.
On the other hand, if we break above 1.2200/1.2210 on a daily time frame, we could go higher.
trade safe.
Good luck!
At this point, a pullback could send this market towards the 50 Day EMA around 1.2050.
On the other hand, if we break above 1.2200/1.2210 on a daily time frame, we could go higher.
trade safe.
Good luck!
Cheers!