On the previous weeks EURUSD gave us a Head & Shoulder on a weekly timeframe and EURUSD has reached its neckline with a rejection candlestick.
Price gave us a Triple top which is a formation of a reversal pattern and a change in direction. Should price push towards the 1.07340, The selling momentum could pick up traction and push to 1.06830. Weakness for it could give the Dollar Index to gain momentum and make it positive.
Price gave us a Triple top which is a formation of a reversal pattern and a change in direction. Should price push towards the 1.07340, The selling momentum could pick up traction and push to 1.06830. Weakness for it could give the Dollar Index to gain momentum and make it positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.