EUR/USD: no one wants to give in
Read the article on FBS website
Recommendations:
SELL 1.193 SL 1.1985 TP 1.177
BUY 1.177 SL 1.1705 TP 1.193
On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness.
On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695.
