EURUSD Trend analysis
usd weakness would correctly depict the head part of the pattern. The rest of the patter formation is supported by the current resistance we are seeing at this price level.
The horizontal trend lines pertain to are of strong support and resistance.
The triangles depict trend directional based consolidation on a basis of current trend.
The rectangles display areas of momentum shifts or lack there of an continues with a sideways price movement.
The horizontal trend lines pertain to are of strong support and resistance.
The triangles depict trend directional based consolidation on a basis of current trend.
The rectangles display areas of momentum shifts or lack there of an continues with a sideways price movement.
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