Bearish Bat in EURUSD
Just awhile ago, EURUSD was testing the top of a symmetrical triangle.
There was resistance but not enough sellers to pick up the momentum.
Since it continues to climb and break higher, we look to the next probable pattern for a turning point.
Here we have a clear bearish bat which technically should cause the market to reverse from 1.0990 onwards.
We can now look to the US session and watch for price action as the price reaches the supply zone.
There was resistance but not enough sellers to pick up the momentum.
Since it continues to climb and break higher, we look to the next probable pattern for a turning point.
Here we have a clear bearish bat which technically should cause the market to reverse from 1.0990 onwards.
We can now look to the US session and watch for price action as the price reaches the supply zone.
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