EURUSD played out perfectly as per path given yesterday, EURUSD moved up to retest the strong level at 1.0742 and then faltered and came down 1.07 strong level. I also gave a long off the double support and we got a 20pips move to end the day. What’s next?
Price action is TBH messy and not clear. Overall there is a pin bar formed on H4 which could indicate a low but IMO it is unlikely, after the initial bearish down move. Now price is capped by PZ; thus looking for it to hold for a move lower, to 1.0660 strong level next. The "worst" case scenario would be a re-test of yesterday's high before the down move.
Price action is TBH messy and not clear. Overall there is a pin bar formed on H4 which could indicate a low but IMO it is unlikely, after the initial bearish down move. Now price is capped by PZ; thus looking for it to hold for a move lower, to 1.0660 strong level next. The "worst" case scenario would be a re-test of yesterday's high before the down move.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.