Price has completed an AB=CD pattern RIGHT at the 61.8% Fibonacci level
Following an attempt to breakout above the past 3-week highs at 1.19, price closed much lower, forming a bearish rejection candle on the weekly (this is also a triple top on the daily timeframe)
4H has already fallen below the 50EMA
Look for opportunities to sell $EURUSD until 1.14 (38.2%)
Following an attempt to breakout above the past 3-week highs at 1.19, price closed much lower, forming a bearish rejection candle on the weekly (this is also a triple top on the daily timeframe)
4H has already fallen below the 50EMA
Look for opportunities to sell $EURUSD until 1.14 (38.2%)