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RaynLim

EURUSD-Weekly Market Analysis-Jul22,Wk1

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Euro / Dolar A.S. (FX:EURUSD)  
RaynLim  
FX:EURUSD   Euro / Dolar A.S.
Crab Harmonic Patterns Candlestick Analysis askforex100 EURUSD Bullish Deep Crab Deep Crab countertrend Descending Channel trendtrading
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crabpattern harmonicpatterns candlestick askforex100 eurusd bullishdeepcrab deepcrab countertrend descendingchannel trendtrading
Trend traders could wait for the market to retest on the upper trendline of the bearish channel for a shorting opportunity.

Counter-trend traders could wait for candlestick pattern confirmation to long EURUSD based on the Bullish Deep Crab Pattern that completes at 0.9928. However, long at 0.9928 means that Euro went off parity with the Dollar and that might invalid the Deep Crab Pattern should the market break and close below 0.9928.
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