EUR/USD mark: 1.16443
Forecast: Up
D1 Key points:
Resistance: 1.20500
1st support: 1.16000
Floor: 1.13200
Consolidation area: channel
This right moment is critical for EUR/USD. If breaks 1st support signaled above it will design a perfect head & soulders figure and as we well know price will go much further down until the floor at least. If not - and there's my opinion - price will keep into the channel and will return to upside path.
Forecast: Up
D1 Key points:
Resistance: 1.20500
1st support: 1.16000
Floor: 1.13200
Consolidation area: channel
This right moment is critical for EUR/USD. If breaks 1st support signaled above it will design a perfect head & soulders figure and as we well know price will go much further down until the floor at least. If not - and there's my opinion - price will keep into the channel and will return to upside path.