EUR/USD: "harami" is preparing a big falling bears -Downside potential likely limited to 1.1145

EUR/USD: "harami" is preparing a big falling bears -Downside potential likely limited to 1.1145

19 April 2016, 20:06
Shohug Shaheen
1
184

A bearish Harami will show a bull market stopping dead in its tracks as in the example below. Let’s look at a example.

EUR/USD: Bearish: Downside potential likely limited to 1.1145.There is no change to our bearish view but as highlighted previously, downward momentum is not very strong and the downside potential is likely limited to 1.1145. Stop-loss remains unchanged at 1.1395 but 1.1350 is already a strong short-term resistance.

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