Euro Pull Back

27 ביולי 2020

Euro is way overbought on multiple time frames, including daily. Pricing has also hit a pricing pivot level, the top of a wedge (orange) as well as slightly penetrated the upper band of a large weekly wedge formation (red line) the confluence of these formations/levels should provide resistance for a near term pullback. Careful here - there is serious momentum. Stop right outside of formation to be safe.