After being on the downside for months, EUR manage to make a strong pullback when the 1.0000 support area was broken through, which had not been since 2002. EUR was able to consolidate at that point before making a forceful upward movement that saw the formation of head and shoulder, which strongly indicate a temporary reign of the bulls. A good time to consolidate bullish movement.
After being on the downside for months, EUR manage to make a strong pullback when the 1.0000 support area was broken through, which had not been since 2002. EUR was able to consolidate at that point before making a forceful upward movement that saw the formation of head and shoulder, which strongly indicate a temporary reign of the bulls. A good time to consolidate bullish movement.