The triangle is almost complete and now we have to wait and see which way the pair takes and follow the trend. Long-term market sentiment stays bearish.
Chart: H4
Tuesday, June 16, 2015
EURUSD continues to trade sideways
The euro saw some positivity in the early trading hours today only to fall again under the resistance line. The euro rose to 1.1330 against the U.S. Dollar but failed to sustain its gain and is currently trading at 1.1260.
The triangle is almost complete and now we have to wait and see which way the pair takes and follow the trend. Long-term market sentiment stays bearish.
Chart: H4
The triangle is almost complete and now we have to wait and see which way the pair takes and follow the trend. Long-term market sentiment stays bearish.
Chart: H4
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Thank you for the analysis!
ReplyDeletemore consolidation on the Euro.
ReplyDeleteGood and clear analysis!
ReplyDeleteDirection undecided.
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeleteThanks for this helpful analysis!
ReplyDeleteI agree with your analysis.
ReplyDeleteGreat assessment.
ReplyDelete