Back on
Friday EUR/USD formed a hanged man candlestick on the daily filter chart right
under the resistance level at 1.2840, so at the time I assumed it was a signal
for a new descent. And while we did see the price dropping a little, it was nowhere
near what I expected it would be. Now there is another doji candlestick in the
daily filter chart, perhaps signifying another reversal. At this point I am not
convinced either way. Range continues, but until EUR/USD breaks above the
resistance at 1.2840, I do not think it we can tell for certain that it will
keep climbing.
Very Good analysis. We will confirm during this week!
ReplyDeleteIt could still be a real signal.
ReplyDeleteExcellent analysis.
ReplyDeleteGreat point.
ReplyDelete