Here is my continuation analysis of EURUSD. Last week we can see that EURUSD can not break the 1.2250 area. In the daily timeframe, I see the Cord Of Wood pattern is being formed which tells me that EURUSD getting weaken. And in the 4H timeframe, we can see also that EURUSD formed a double top pattern. With that said, I believe that the Impulse movement for EURUSD is done and right now EURUSD will make a retracement wave to the downside before continuing to the upside again. I will share also my daily timeframe view below.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or idea in the comment section below and give support by giving like thumbs and share with your friends.
Cheers.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or idea in the comment section below and give support by giving like thumbs and share with your friends.
Cheers.