All of the Euros pair have been extremely bullish for this year. However, it seems like the Euros have reached a lot of strong resistance on most pair. This pair have recently formed a head and shoulder, followed by a continued downside breaking through the uptrend channel. It is good a idea to wait for a pullback for confirmation that this is the start of the downside. I am looking to short at a pullback back into the 61.8 fibs level.
Trade with care.
Trade with care.