EurUsd to correct lower?
Last week EurUsd broke above 1.2 figure and accelerated its gains towards 1.22. Thursday and Friday the pair has formed a small double top and from this point on a correction could follow.
Bears can try to sell rallies with a target of 1.2050 and a deeper correction could drive EurUsd even at 1.2 important support.
A new high above 1.22 would negate this scenario and, also, keep in mind that you trade against the trend
Bears can try to sell rallies with a target of 1.2050 and a deeper correction could drive EurUsd even at 1.2 important support.
A new high above 1.22 would negate this scenario and, also, keep in mind that you trade against the trend
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