The price eventually break high and formed a new high, now H1 formed pattern bearish candle, the next support 1.18000 as the first target
but the daily market still possibly drops again 1.17750.
The price is very dynamic, yesterday the price drops but then suddenly moves up and very big rapidly and formed a new high again, the daily pattern looks a reversal pattern, but now the price is included in the top range, if the price breaks high may price formed bulls market.
The price eventually breaks and continue bullish with strong movement, look daily candle formed long body candle, now on H4 buyer still giving pressure, although probably bulls sentiment still dominated, need to pay attention to the risk management plan.
EURUSD this morning there are small gaps, its only can be watch on low timeframes like as M15, the price drops and open price not connected to close price at the previous candle, last week EURUSD drops and formed long body candle, but let see what happen later, if based on my view the price already in resistance zone.
The price drops yesterday trading, but it does not break the previous low, and now looking at H4, the pair formed bulls candle engulfing, its possible price will back to rising and reach previous high.
Price drops yesterday and fails to continue the rise, now H1 formed a reversal pattern to bullish
but let see what happens later, the target is about 1.1885.
The price eventually rising yesterday and formed a new high, but what happens is suddenly price drops drastically and landing on the previous low point, daily candle formed hammer, its reversal pattern after trending then get pressure from another edge, the prediction if price breaks low, possible will bearish, but if low point as strong support, probably price will rise again although still in the range.
Price move on low volatility seems so many traders will waiting NFP news that has scheduled on today,
usually, the price movement will be very low, and after news releases then make pair move rapidly, technical traders like to stay away during NFP news to a safe account
The impact of NFP news very high to the pair included EURUSD, the price drops drastically after news has been released, not only EURUSD, XAUUSD also drops drastically because of news NFP.
NFP news impact very high on last week, the pair drops drastically, today morning EURUSD still get bearish pressure, although this zone as a support zone, let see what happen later, it possible to break low.
