EUR/USD had a strong reversal over the past two days following the two consecutive bull bars ending on Mar. 9.
The bulls successfully tested the 3-month trading range low and quickly reversed down.
While the bears want the reversal down from Mar. 10 to be a measuring gap with the 3-month trading range and lead to a measured move down, the odds are the market will go sideways to up.
This means the odds are that the 3-month trading range will likely become a final flag reversal up. What traders do not know is how long that will take. The market could go sideways at this price level for a long time before reversing up and testing the highs of 2021.
Bulls are hopeful that today will be a strong bull close and become a breakout pullback following the two consecutive bull bars last week. More likely, the market will continue sideways over the next couple of days.

Trading analysis offered by RobotFX and Flex EA.
Source
0 Comments
Don't spam! Your comment will be verified.