Are you tracking the EURUSD this week? Consider this technical perspective.
On the daily time frame, price action has been in a southward mode since April 20, 2018. Last week Thursday and Friday, bulls pushed price action northward in retracement. We are likely to see bulls take price action further northward before a southward turnaround. A likely target of such a northward retracement is the 1.20540 area.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, price action has been in a southward mode since April 20, 2018. Last week Thursday and Friday, bulls pushed price action northward in retracement. We are likely to see bulls take price action further northward before a southward turnaround. A likely target of such a northward retracement is the 1.20540 area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
2