The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2740 levels .This development leaves the pair targeting the 1.2570 levels , a halt is likely , but losing the 1.2570 levels will turn focus on the 1.2485 levels , further downside will aim the 1.2389 levels.On the upside , resistance comes at the 1.2740 levels , break of the 1.2740 levels on a daily closing basis , will turn outlook neutral towards the 1.2886 levels , If this resistance is taken out , focus will…See More
"bearish pressure was applied on EURUSD earlier around 1.2800-1.2840 The bears are now pushing towards price zone of 1.2600-1.2620 projection target of the double-top pattern. Around this price zone, bullish recovery should be seeing to 1.2700/30…"
USD Index is moving higher, now threatening the 86.10 swing after recent rally out of a downward channel. We assume that market already accomplished a corrective retracement in wave 4 and that current leg up can be wave three as part of a new impulsive cycle heading above 87.USD Index 4h Elliott Wave Analysis…See More
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