EUR/USD: euro is catching a crab
Read the article on FBS website
Recommendation:
SELL 1.1755
SL 1.1810
TP 1.1640 TP2 1.1600 TP3 1.1550
On the daily chart, EUR/USD bears managed to lead the pair outside of the uptrend channel and conquer support at 1.1820. If the bulls’ fortress near 1.1757 fails under their attack, the odds of getting to 127.2% and 161.8% targets of the “Crab” pattern will increase.
On H1, a break below support at 1.1758-1.1759 will created grounds for triggering the “Shark” pattern. Its 88.6% target is near 1.1600. On the other hand, the pullback from an important level will lead to consolidation in the 1.1750-1.1950 area.
