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EURUSD Chart View For May

197
As of 3rd week of this month buyers are aggressively driving price higher and higher. The market sentiment is now so bulish so many retailers will also go for a long, me myself i went for a long position and closed it in profit.
When you view the weekly chart a hanging man candlestick pattern was foremed so in addition of the market hitting an important trendline, my bias is targetting the 61.8% retracement of the longed move. Market also came down to the 31.8% retracement level and went for another retest of the broken trendline and formed a double top so with all this i think the bias for this month is to the downside.

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