Forex EUR/USD Daily Video, May 22, 2020

soul rebel

Private, 1st Class
Messages
56
Thanks for the update Sive
In absence of H&S appearing market has proceeded down to 10896 which is OP of AB-CD from the 11008 high. I am going long in this area based on the analysis that this area should provide support if our bullish view is to be confirmed.
 

Sive Morten

Special Consultant to the FPA
Messages
13,375
Thanks for the update Sive
In absence of H&S appearing market has proceeded down to 10896 which is OP of AB-CD from the 11008 high. I am going long in this area based on the analysis that this area should provide support if our bullish view is to be confirmed.
Yes, market has changed the shape of retracement a bit as it stands straightforward. But it doesn't change the function of 1.0885 area. It has to provide support, otherwise bullish perspective becomes doubtful.
 
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