Hi traders:
EURUSD has been going up massively after the result of the French Election. Now the daily chart is way over extended, and in need of a pullback. We are seeing some resistance around 1.1230 area, and bearish momentum start to come into play.
1 HR chart potentially is forming a Head and Shoulder pattern, looking for a lower high to develop as the right shoulder to enter the short position.
Target 1: 1.1110 (3.17% Profit)
Target 2: 1.1000 (6.83% Profit)
Thank you for your support and feedback.
EURUSD has been going up massively after the result of the French Election. Now the daily chart is way over extended, and in need of a pullback. We are seeing some resistance around 1.1230 area, and bearish momentum start to come into play.
1 HR chart potentially is forming a Head and Shoulder pattern, looking for a lower high to develop as the right shoulder to enter the short position.
Target 1: 1.1110 (3.17% Profit)
Target 2: 1.1000 (6.83% Profit)
Thank you for your support and feedback.
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