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Continuing on the market situation for EURUSD described in my previous post, events unfolded as expected, with a bit of emotion:
Price action went to test the Triangle and R1 with more strength that I previously imagined (look at the volume in the last test); but R1 is a really strong resistance as I expected previously, and after two additional testings, the bullish impulse faded away and price started to go south before German Unemployment data release.
The situation now is quite clear; a stro…
Price action went to test the Triangle and R1 with more strength that I previously imagined (look at the volume in the last test); but R1 is a really strong resistance as I expected previously, and after two additional testings, the bullish impulse faded away and price started to go south before German Unemployment data release.
The situation now is quite clear; a stro…