BLUEWHALE TRADING'S
EURUSD ANALYSIS
EUR USD PAIR ANALYSIS
The chart shows the EUR USD pair which shows a specific formation of a HEAD AND SHOULDER on daily chart.
Based on our trading style, we can predict that the pair has reached the resistance level of trend line
and will make a bearish movement towards the support zone.
The level of retracement can be predicted by some help of fibonacci tools we've been using based on certain mathematical equations.
The retracement speed can be rapid with some help from the latest news.
We know that there's a comflict between Korea and US nation on launching an attack which may weaken the EURO pair. This will lead to a poor demand over the pair.
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