EUR/USD
The euro has been good to us this week as yesterday I wrote in my price action commentary price will likely rally and find bears looking to sell the pair at 1.3000. This is exactly what happened as the pair went just a few pips past the big figure, then sold off 60+pips in less than a few hours from a huge bearish engulfing bar. Sequentially, the pair is forming HL’s (higher lows), suggesting it wants to make a break to the upside. The bulls should test the level one more time this week, and a failure again will likely send the pair lower, back towards short term support at 1.2881 so plays on both sides here.
EUR/USD" title="EUR/USD" width="570" height="393">
Original post