price dipped down towards the gap to grab retailers SL's and has not come back into consolidation.
a pull back is expected as i have drawn up. my hopes is that it will bounce up to the 4hr resistance from the 23% but if not it will bounce back @ 50% which is a support.
as for fundamentals, because USA has stopped the EU from traveling to the US the currency may drop as the tourism industry falls of and less "new" money is entering the EU.
Let me know what you think of my reasoning and mark up.
a pull back is expected as i have drawn up. my hopes is that it will bounce up to the 4hr resistance from the 23% but if not it will bounce back @ 50% which is a support.
as for fundamentals, because USA has stopped the EU from traveling to the US the currency may drop as the tourism industry falls of and less "new" money is entering the EU.
Let me know what you think of my reasoning and mark up.
...4hr resistance from the 38%...