EURUSD LONG

25 ביוני 2020

EURUSD is causing a reasonable amount of controversy, with high powered bulls followed with heavy retracements as the EUR fails to break a key resistance. This could be due to Trump negotiations with the EU. These two colossal economies clashing over trade deals. With this being said, the newly formed head and shoulders pattern could be a key indicator for possible long positions. A little breakout over the 0.618 fib indicating further the bulls could regain the momentum and over power bearish movement.