The price action of Euro is started looking dangerous. There is 70% chance that it will start its fresh crack from today unless it close above 1.4340.
For traders, it is a good opportunity to go SHORT with a stop just above 1.4340 ( closing basis). The trade setup has a high Risk reward ratio.
The reason for the trade setup is; it might form a “Falling Three “pattern. If that happens, it could be one of the worst days in Commodities, American Markets.
Let us see what will happen today.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
