EUR/USD: bulls are counterattacking
Read the article on FBS website
Recommendation:
SELL 1.1845
SL 1.19
TP1 1.1765 TP2 1.1745 TP3 1.1665
On the daily chart, EUR/USD reached an interim target at 113% of the junior “Crab” pattern. This increases the risks of a pullback to23.6%, 38.2% and 50% of the wave AD. As long as the pair is below 1.2165, bears will remain in control. The target of 88.6% of the “Bat” is still actual.
On H1, EUR/USD is correcting to the downtrend. To continue the decline, bears need to pull the pair below 1.1845.
