It's a very busy week ahead with a lot of important news for both the EUR and USD so that creates a great uncertainty about where the price may moves.
On the chart above we can see a Head and Shoulders formation (it's to hard to use the tradingview tool to create one it took me ages lol) and after that a great bull run to our 0.786 fib level. The price consolidates there for almost 2 days now. The 20 SMA which helped as support on the bull run has turned to resistance now.
On the chart above we can see a Head and Shoulders formation (it's to hard to use the tradingview tool to create one it took me ages lol) and after that a great bull run to our 0.786 fib level. The price consolidates there for almost 2 days now. The 20 SMA which helped as support on the bull run has turned to resistance now.
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