Latest news from today put massive bearish pressure on the Euro. If there are no surprises the pair should visit at least 1.10 – 1.1020 (opposite bollinger band on the daily chart) In my opinion we should be looking to sell rallies in double waves.
Technical Analysis:
H4/H1 – bearish double wave cycle
Entry:
H1 – wait for either a Triangle/Flag pattern for the correction or a double wave up before selling.
Target 1: 1.1108
Target 2: opposite Bollinger Band on D1
Stop Loss: above last high created
Video Explanation:
