For several days, this EURUSD Forex pair has been trading in these levels. However, following the increase of rate despite the bad US economical data, the US Dollar has been given a boost to the upside.
If you look at the 4-hour bars, it is clear that the bears are now in control... after some retracements, of course. In addition to this, the daily timeframe could be pointing out the possible formation of a triple-top pattern. If that is so, I'm expecting a downside for this pair... along with the GBPUSD Forex pair trade analysis I've published before this. In short, Dollar... up!
If you look at the 4-hour bars, it is clear that the bears are now in control... after some retracements, of course. In addition to this, the daily timeframe could be pointing out the possible formation of a triple-top pattern. If that is so, I'm expecting a downside for this pair... along with the GBPUSD Forex pair trade analysis I've published before this. In short, Dollar... up!