EUR/USD wandered in bears’ lair
Read the article on FBS website
Recommendation:
SELL 1.167 SL 1.1725 TP1 1.155 TP2 144
SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144
On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction towards 200% target of AB=CD will likely continue.
On H1, EUR/USD formed a «Widening wedge” and almost reached 127.2% target of the ideal butterfly pattern. Pullbacks towards 1.1670 and 1.1695 may be used for selling.
