EURUSD: Bullish Correction Coming?
-EURUSD Hit Key support today
-Failed to sustain the downside, as price was rejected forming a bullish hammer,
-Rejection from area near the 200-days SMA
-Another Rising trend line resides near that area
$$ Bullish correction for the recent major selloff likely in my view, i am looking for a retest of 1.3770-0.3780 broken support-turned-resistance before new bearish consideration.A break below the cluster of support around 1.3625 would negate this scenario and signal more downside.
Good Luck, Come Join me at twitter.com/thefxchannel
-Failed to sustain the downside, as price was rejected forming a bullish hammer,
-Rejection from area near the 200-days SMA
-Another Rising trend line resides near that area
$$ Bullish correction for the recent major selloff likely in my view, i am looking for a retest of 1.3770-0.3780 broken support-turned-resistance before new bearish consideration.A break below the cluster of support around 1.3625 would negate this scenario and signal more downside.
Good Luck, Come Join me at twitter.com/thefxchannel
Feragatname
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