The single currency rallied and bottomed around 1.1215 area last week and bounced back strongly. As it applies in life, Nothing is constant only changes,I notified my followers about the imminent Trend reversal during US session on Monday and it happened. As you can see on the daily chart above,the single currency has faced bearish trend line at 1.1415 area. immediate resistance is now at 1.1430-50 area. we are to look for a bearish reversal Price action within this zone. until market opens...lets be patient enough.. dont expect more bullish rally for now.. Do have a wonderful trading week ahead.
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