Price completed a 3 wave structure with an obvious divergence.
This structure isn't a sustainable uptrend and it's calling for a fall, or at least a potential retracement towards 1.5960 area.
What can be the catalyst for such move?
Another impending EUR crisis?
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
This structure isn't a sustainable uptrend and it's calling for a fall, or at least a potential retracement towards 1.5960 area.
What can be the catalyst for such move?
Another impending EUR crisis?
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
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