Dont let the Crab bite you.
With a sudden Jump in EURO, and a steep fall in DOLLAR, something really is not technically understandable.
After some deep analyzing, we have another pattern being grilled up - Bullish Crab.
We still favour Sell on Rallies, and look EUROUSD to Fall Sharply in coming weeks.
Its not a trade recommendation, but we have gone short at 1.3250 zone, and will hold our shorts till 1.04000 zones. We hope the trade works well, as all the technicals and price action is hinting a BEARISH TONE.
With a sudden Jump in EURO, and a steep fall in DOLLAR, something really is not technically understandable.
After some deep analyzing, we have another pattern being grilled up - Bullish Crab.
We still favour Sell on Rallies, and look EUROUSD to Fall Sharply in coming weeks.
Its not a trade recommendation, but we have gone short at 1.3250 zone, and will hold our shorts till 1.04000 zones. We hope the trade works well, as all the technicals and price action is hinting a BEARISH TONE.
