EUR Update
A very strong 200 pip drop on the openning of the EUR session has prevented the pursuit of this pair towards 3150. The current sentiment is bearish and towards the lows of 2600 where the region in red is shown. The center of the blue circle where resistance was being witnessed has not held its ground for more upward movement since Friday of last week and the size of this drop is not something that can be mistaken for a double bottom. This is the start of a new series of drops towards the lows of 2600
A very strong 200 pip drop on the openning of the EUR session has prevented the pursuit of this pair towards 3150. The current sentiment is bearish and towards the lows of 2600 where the region in red is shown. The center of the blue circle where resistance was being witnessed has not held its ground for more upward movement since Friday of last week and the size of this drop is not something that can be mistaken for a double bottom. This is the start of a new series of drops towards the lows of 2600