The day ended with the 1st wave of retracement completed.
The consolidation before the 2nd wave of retracement has just begun and will take a while more until the Euro session later.
The price is most likely to retrace towards the 1.1170 - 1.1160 region just right above the breakout point of the previous falling trendline.
The consolidation before the 2nd wave of retracement has just begun and will take a while more until the Euro session later.
The price is most likely to retrace towards the 1.1170 - 1.1160 region just right above the breakout point of the previous falling trendline.
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Related publications
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.