EURUSD has been rising continuously since the October 3rd Low, a bottom on an Ascending Triangle pattern after which we gave a buy signal.
The price action is now completing a topping pattern identical to July 18th and April 26th as it trades above the Falling Resistance with the 1day MACD near a Bearish Cross and its histogram sideways.
Sell and target 1.07850, which on the path of the 1day MA50 (first target during the May and August corrections).
Previous chart:
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The price action is now completing a topping pattern identical to July 18th and April 26th as it trades above the Falling Resistance with the 1day MACD near a Bearish Cross and its histogram sideways.
Sell and target 1.07850, which on the path of the 1day MA50 (first target during the May and August corrections).
Previous chart:
Follow us, like the idea and leave a comment below!!
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