Are we seeing "Trend continuation to the downside Rally", Are we really seeing another attempt to downside for the Euro, And if I am correct, Then soon we will see the test of correctional bottom.
The idea I post earlier was that We have seen rapid liquidation after strong trend which means at-least one attempt to test the high and Very often price gravitates to the upside.
when we see such attempts, But all the attempts have been faded out and Now we will soon see another low in the trend.
In order to invalidate this Rally, we will have to break above 1.3695 and see an attempt to rise once again. But current rally and attempt to rise have been failed so far and the outcome is test of lows and possibly new low.
