EUR/USD: bears wait for their chance
Read the article on FBS website
Recommendation:
SELL 1.2445 SL 1.25 TP 1.2345 TP2 1.22
SELL 1.2335 SL 1.239 TP1 1.2235 TP2 1.22
On the daily chart of EUR/USD, there’s a sustainable uptrend. Bulls are getting ready to test a 3-year high to reach 200% target of AB=CD. Failure or inability to fix above 1.2535 will be the first signal of buyers’ weakness.
On H1, EUR/USD bulls have to fear the formation of a “Widening wedge”. For that the euro needs to decline below $1.2335. Aggressive sell position is possible at the low of the bar #2.
