EURUSD nicely moving up to test he heavy resistance zone consisting of the 0.236 Fib level,
the top of the channel range, ichimoku cloud and a former resistance now support level.
I will be watching for (prior to taking a short position) a bearish candlestick formation such as a
shooting star, and a crossover by the 20 and 9 day moving average to confirm continuation
of the down trend.
What are your thoughts traders?
the top of the channel range, ichimoku cloud and a former resistance now support level.
I will be watching for (prior to taking a short position) a bearish candlestick formation such as a
shooting star, and a crossover by the 20 and 9 day moving average to confirm continuation
of the down trend.
What are your thoughts traders?