EUR carved out a big bullish outside engulfing candle on Friday, raising prospects of re-test of the falling trendline. So far, however, sellers have keep a tab one any attempts to push the spot above Friday's high of 1.1205.
Fri's bull outside candle is therefore losing relevance. Need a quick action above the descending trendline to revive the bull view. The longer is struggles to break above Fri's high of 1.1205, the stronger the probability of a fall back to 1.11.
Fri's bull outside candle is therefore losing relevance. Need a quick action above the descending trendline to revive the bull view. The longer is struggles to break above Fri's high of 1.1205, the stronger the probability of a fall back to 1.11.