EUR/USD: euro is after a crab
Read the article on FBS website
Recommendation:
SELL 1.1750
SL 1.1805
TP1 1.1640 TP2 1.1600 TP3 1.1550
On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.
On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.
