FOREX PRICE ACTION | TRADING SIGNALS

Hello Naked Traders.

Eur/Usd

It is very likely that in the near future we will see a bearish reversal movement on the eur/usd pair. In fact, if we are going to analyze the price action on the daily chart we notice the formation of a pin bar that indicates an exhaustion of the bulls with the confluence of an harmonic bearish pattern which is geometrically perfect if we look at price’s arrival at 1.3280 area. The target in this analysis can be set at 1.2900 area and this deal could be really good if you look for a nice risk reward ratio.

 

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