The eurusd currency pair has been moving sideways for a few days now.

Price broke or is trying to break out of the ascending triangle.

If it continues to print red candles then I expect it to go to the previous low marked by the two yellow lines.

We would be trading in direction of the 200 MA confirming also trading with our fundamental bearish bias.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.