Price movement in Monday market, its formed bear's candle after pin bar appear on Friday market, now based pattern daily, its become reversal pattern, but it's valid or not still waiting later, the scenario trading if price break high 1.19084 probably will uptrend continuation, but if break previous low possible will downtrend.
Eventually, price formed a bearish candle yesterday, the price success to break previous low and now seems the reversal pattern already in touch, still possible the price continues to decline based technical analysis., but traders only predict the next movement, there are so many factors the cause price move
The price eventually continues to drops, seems the reversal pattern that occurs is a valid signal, but let see what happen later, now price on H1 in correction time, maybe in the London market will occur increasing volume transaction, based on history price, the next support still deep, if correction ended, it will break 1.1879 or break low 1.18014.
The price formed bulls candle yesterday, but not yet formed new high, where the high still below the previous high, the support based history price about 1.17000 but the pattern in H1 still move on the range, if price break the high line, the based theory will become new support, and if break the low it will become new resistance.
No gap occurs in this pair in the morning, market already open, but now price at 1.18112, included in low price based previous candle, the next scenario, if price break the low, continuation trend will occur, but if the price still moves slow movement, it possible the market still in the range H1.
EURUSD eventually drops yesterday, the price break low and formed a new low, but the decline only in temporary movement, the price back to rising and formed long-tail candle n daily timeframe, the price now landing at the previous low and this in correction time, still possible the price to decline again, because strong support still in a wide range, but if price rising, it will become a new bullish signal.
After the price reach on high 1.18450 eventually drops again and landing at the previous low, its formed long tail as seller pr4essure after rising price, there is rejection to push the price higher more, if look the pattern now price in equilibrium zone, its mean as indecision trend, I think the price range still move on high 1.18540 and low 1.17660.
The price still move on daily range market, yesterday the price climbing but did not reach the previous high and nor formed a new high then price bounce back to equilibrium zone 1.1800, daily candle on this week formed long-tail candle and not yet clear the trend will breakout to bullish or bearish, price move on the range.
Very surprising the price eventually break low and drops drastically, seems there are news effect about USD increasing index, not only in EURUSD but also in Gold the price drops very deeply, now EURUSD on 1.17644, and correction in H1 timeframe, the next support 1.1700
The price drops in last week, but today no gap occurs, EURUSD still move in usual candlestick no gaps, but based on technical analysis now the price is already close to the support zone, traders need to pay attention to the reversal pattern, wait and see maybe still good for safely trading in Monday, let see what happen later, seems USD get power in last week.
