Market Overview: EURUSD Forex The market formed a EURUSD tight bear channel which means strong bears. The market may still trade at least a little lower. If the bears continue to create strong consecutive bear bars trading far below the May and March low, it will increase the odds of the reversal being successful. Because […]
EURUSD Tight Bear Channel
Market Overview: EURUSD Forex The EURUSD Forex formed a EURUSD tight bear channel closing below the 20-week exponential moving average (EMA). The bears want follow-through selling next week. If they get that, it increases the odds of a deeper pullback beginning. The bulls want the 20-week EMA to act as support and hope the market will reverse […]