im still maintaining a bearish bias on the euro dollar. from the last quarter of this year the eurodollar has been failing to maintain price above 1.12 there its still going down in a bearish trench, noticed a channel within a channel, the priced escaped the inner channel but couldnt hold above and end of the week we saw the price respecting the channel.#
this week we are looking for further downward movement of the pair to levels of price 1.10 or 1.09.
the price has also respect the resistance zone and with a given double top situation we placed a trade
my target will be 0.618 retracement of the previous upper movement and that 1,10
this week we are looking for further downward movement of the pair to levels of price 1.10 or 1.09.
the price has also respect the resistance zone and with a given double top situation we placed a trade
my target will be 0.618 retracement of the previous upper movement and that 1,10