Long-term EUR/USD still struggling with the lowest fibonacci resistance.
EUR/USD testing the swing high resistance in an incomplete formation looking like a rounding bottom.
Touching the bearish flag upper bound and selling off fast from there seems to confirm my overall beraish view on the pair. chart: investing.com
Nice try to build what looks like a rounding bottom in EUR, but I am not very convinced that a eye-popping trend change will be triggered like that. chart: investing.com
I still favor the short side here chart: investing.com
Nice reaction off the low end of the bearish flag for EUR/USD, but I am not convinced today’s up move is particularly sustainable. chart: investing.com
The upcoming break of the bearish flag will reignite downward pressures on EUR/USD. chart: investing.com
EUR/USD first needs to convincingly jump over the 100-DSMA. I consider the current market phase a consolidation within 2018 downmove and not much more. chart: investing.com