Based on the technical part, the chart of EURUSD
has been in bullish
bias from November 2017 to January 17th, 2018. Then at around 1.2300, the chart started to fall down following the evening-doji-star candlestick
signal in 1D chart. If we zoom in to smaller time frame, 4h chart, we witness that the bullish
market seems to be exhausted with very bearish candlestick
. From November 2017 to January 17th, 2018 we see that the EURUSD
has been gone up three times ( Elliot Wave
). At the last wave, there was a signal (evening-doji-star) in 1D which would tell that the market may change the trend. Please leave a comment below for improving together.