In the 4hr EURUSD graph we clearly see, that the trend transformed from normal condition (green area) into chaotic movement (above the upper green line). Now, EURUSD should have a correction with the next move till the gap, which acts like a serious level of support. Near the level of 1.09600 there will be a consolidation, which, after some backward movement, will go down with large impulse to the gap-level having another consolidation with the following drop till 1.08200. Moreover, in the weekly graph EURUSD expected to change its direction and fall further.
Yorum:
This trade still active, don't worry.