The EURUSD has formed a rooftop pattern and we could see a move to the downside. At this point we should be focused on selling the rallies.
The EURUSD has formed a rooftop pattern and we could see a move to the downside. At this point we should be focused on selling the rallies.
The POC zone comes between 1.2060-1.2080. The rooftop pattern base is 1.1990. If the market makes a close below 1.1990 we could expect a downside continuational move towards 1.1953 and 1.1893. The market is bearish now and in my opinion it is either a breakout or a rejection from the POC zone.
For a look at all of today’s economic events, check out our economic calendar.
