Today we are still dealing with the euro / dollar pair. The week just ended was marked by a lateral phase, which does not change the medium-term bearish trend. Concerns related to the unresolved issues of Brexit, the growing worries for the populist government in Italy and the Turkish crisis still present on the international scene are pushing the euro down. The weekly, shows us that after the break of the neck line of the great figure head-shoulders, we had a pullback, with the price contained between the blue sma100 and purple sma200.
In reality, any catalyst for a climb is absent and the rebound at the moment is not very significant. At the operational level, we therefore continue to look for opportunities for short entries. A conservative policy can be given by a short entry to the break of the minimum period, just below 1.13 with a target of 1.05. For people who are more likely to risk it may be a good idea to enter the current level knowing that if the price exceeds 1.156, the head-shoulders figure would be invalidated and then turn immediately with a long entry for a 1.21 target.
In reality, any catalyst for a climb is absent and the rebound at the moment is not very significant. At the operational level, we therefore continue to look for opportunities for short entries. A conservative policy can be given by a short entry to the break of the minimum period, just below 1.13 with a target of 1.05. For people who are more likely to risk it may be a good idea to enter the current level knowing that if the price exceeds 1.156, the head-shoulders figure would be invalidated and then turn immediately with a long entry for a 1.21 target.
