Looking into EurUsd, we could see that price is beginning to have some intent in direction. Price cracked the recent H1/H4 significant level and retested with some bearish rejection. Although it seems like price has found some type of support around an H4 swing low level, we are currently retracing back to the significant level of interest.
Because my bias is still bearish on this pair, I'll be waiting for price to retrace fully back to the H1/H4 significant level before identifying bearish rejection and executing any sells. Potential targets would be targeting the daily support level. Now just patience to see if she comes back to the level.
Because my bias is still bearish on this pair, I'll be waiting for price to retrace fully back to the H1/H4 significant level before identifying bearish rejection and executing any sells. Potential targets would be targeting the daily support level. Now just patience to see if she comes back to the level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.