Euro

Good Day Dynamic Traders,

Hope you have all had a good week. Apologies for not putting up a blog this week.

I have been eyeing up the Euro and it has been some days as you can see the consolidation. After a nice long run up price found resistance at the figure and has taken a fairly steep dive down. Having found support at the value index it has consolidated and the pullback has been at a Fib breather level. We don't know if the established trend has changed direction, however, there is a possibility of a bearish flag given some of the things I just mentioned and the chart itself. In order to take opportunity of this should it happen, I will be looking to enter at the break of the low with a possible equivalent move down of the first leg.















Good Trading!
Bijal Shah