EURUSD has been in a consolidation period for quite some time now. It has given us a market direction now which is selling.
Firstly we have a Head & Shoulder reversal pattern that gave EURUSD the momentum of the start of a down trend. With a strong dollar the possibility of it selling is high. We also have a continuation of a pattern of a flag being formed. A breakout from the flag will result in selling opportunities.
Firstly we have a Head & Shoulder reversal pattern that gave EURUSD the momentum of the start of a down trend. With a strong dollar the possibility of it selling is high. We also have a continuation of a pattern of a flag being formed. A breakout from the flag will result in selling opportunities.