EURUSD on the brink of an abyss

Not legal and financial advice;
Any information provided here is only the personal opinion of the author.

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Resistance 1.1931 and 1.1950 looks like a lot of people dreaming to sell there.
Support 1.1890 and this is main one, if we close 1 hour lower we can expect another 100 pips south.

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current price 1.1906 and we see quick rejection from 1.1885, so first attempt failed, but common currency with the weak hand atm... looking at 1.1790 as more significant support.

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and this magnet 1.17 correlated around within eurusd as you may remember.

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Sentiments driving the markets, now sentiments that ECB on different rails with FED. While ecb is printing like mad still, fed starts to taper.
That is seems the main idea in the heads of the heads.

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So, in conclusion, no need to stay in the way of a flying train.

AlpacaBlack

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AlpacaBlack

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