Disliked{quote} From a 5 Mins chart, the bullish reversal is weakening, price actions are consolidating showing that the bullish pressure is getting exhausted. Be that as it were, the overall trend has been bearish before the bullish reversal came in as an unfavorable US Prelim UoM Consumer Sentiment news which the bulls wanted to take advantage of. Now that prices are consolidating in the seemingly uptrend, this indicates that the uptrend might be coming to an end and the bears are getting ready to take the pair to its original downtrend. However, a more...Ignored
As at this time of writing this, it's early Monday morning where I am, I just checked the charts now and the EUR/USD pair as made a new low around 1.0611 (commencement of the original downtrend of the pair) compared to where the market closed by the week end. There are no news this Monday to move the market's volatility, so anyone who wants to trade can as well just trade technically as for me, gonna wait till Tuesday before opening a position , . .... Stay positive !
