EUR/USD… not ready yet!
Hello traders! Few days ago I was wondering whether EUR/USD was ready to take the jump from 1.60 to 1.70, but apparently it’s not ready yet. Throughout the last few days EUR/USD has formed a double top off the 1.60 key level (in fact, it overshot to 1.6040, probably running some stop losses all along) and it’s plummeting from there. Actually, we can clearly see a 1-2-3 reversal formation with a subsequent up-channel breakout to the downside. What does that mean? it means that range
Original post by HectorTrader.com