After a pullback to its 200 sessions average, the
EURUSD
is still dominated by its long term bearish trend line (since 2008). The loss of 1.04 would open the door to test new lows projected on the long term upward trend line (range 0.86-0.90). Above the latter prices, the stock could restructure to the upside in a shoulder, head, shoulder reversal figure.
The loss of 0.86 would be very bearish.
Pablo G.
EURUSD
is still dominated by its long term bearish trend line (since 2008). The loss of 1.04 would open the door to test new lows projected on the long term upward trend line (range 0.86-0.90). Above the latter prices, the stock could restructure to the upside in a shoulder, head, shoulder reversal figure. The loss of 0.86 would be very bearish.
Pablo G.