EURUSD on a bigger picture is in bearish correction and although the Euro may seem to be the weakest among all, I believe that the Euro will have a short rally because the Dollar is currently on a retreat as the dollar bull is currently overheated.
- Falling wedge pattern has been spotted.
- Prices has been testing the 61.8% of the Fibonacci level twice.
- Prices also tested and reject the demand zone.
- RSI Bullish divergence
- Potential weekly morning star.
* The long term sentiment is still bearish for EURUSD, just that the market need to rally to the next support level to stage a great fall.
- Falling wedge pattern has been spotted.
- Prices has been testing the 61.8% of the Fibonacci level twice.
- Prices also tested and reject the demand zone.
- RSI Bullish divergence
- Potential weekly morning star.
* The long term sentiment is still bearish for EURUSD, just that the market need to rally to the next support level to stage a great fall.