After negative impact news on parliament for Brexit I believe were going to see a push lower after showing a uptrend and then pulling back and rejecting off our 200 period MA showing bearish candlestick confirmations. lets see what happens
lets see what happens expecting some bullish momentum but witht he outlook on brexit this could be invalidated
After the Eur has made a pretty significant impulse leg to the downside im expecting some profit taking around the previous structure low or maybe lower you can see as well that it could complete that ABCD pattern as well lets see what happens.
As you can see the price movement between the supply and demand zones, I placed the first two arrows last week as a prediction and it went exactly as planned so hopefully we can get a rejection off of that lower demand zone.
price broke through the uptrend channel after touching and rejecting off of resistance. Its respecting off of the daily and weekly uptrend line but waiting for the break of that level to confirm the sell.
lets see what happens have some oversold RSI as well as at area of support.
After rallying to a weekly level of resistance, and putting in an inside bar on the weekly time frame. Bouncing off and breaking through a major level of structure. I am expecting to see a movement to lower support lets see??