Euro / DollaroLong
EURUSD BAT Pattern
Setup is as shown.
On mid term basis this pair is ranging. Overall picture is still downtrend with very weak momentum. Nonetheless, buying location had been protected 3 times in the past which I highlighted with pink. This indirectly tells us that if past data were to play itself again, we can expect some sort of buying at this level.
1st TP: 38.2% retracement as always which also align itself with previous mini sell off structure
2nd TP: At the top of the range (1.1175)
On mid term basis this pair is ranging. Overall picture is still downtrend with very weak momentum. Nonetheless, buying location had been protected 3 times in the past which I highlighted with pink. This indirectly tells us that if past data were to play itself again, we can expect some sort of buying at this level.
1st TP: 38.2% retracement as always which also align itself with previous mini sell off structure
2nd TP: At the top of the range (1.1175)
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