EURUSD after Draghi bomb might be a WRMB!
EURUSD fails a round number resistance 1.4000 following Draghi hint ECB might take action in June.
I wasn’t thinking that EURUSD would be above 1.4000, so it was not a surprised that bears took action at 1.4000. My thoughts on EURUSD was in this tweet
$eurusd above 13865 has R at 13920-30 13950-60
— TerraSeeds FX Tflow® (@terraseeds) April 23, 2014
With failure in EURUSD, it opens an interesting view on what might happen. Let’s check it out with a typical Tflow® analysis
Higher timeframe shows EURUSD resisted by Fibonacci retracement
Now shows EURUSD at trend line resistance
Some intermediate support on EURUSD currently; 1234 pattern seen on a possible DT pattern
Possible WRMB strategy following 1.4000 failure
Below 13765 has S 13700 13600