I was looking for a move lower yesterday for EURUSD but it turned out the move was similar to DAX where it came down during the Asian session to the OP, which held as it rallied all the way up to 1.0746 strong level before pulling back.
Bullish price action on daily but the 1.0746 strong level seemed to be holding up well. I have no strong views for EURUSD today TBH. Despite the strong up move yesterday, EURUSD could still form a lower high for a move lower, while on weekly, the up move currently looks to be a pullback before further downside. Overall, IMO, look to scalp shorts below 1.0746 for a move down to 1.0708. Would only be interested to look for longs at 1.0700/08 with a bullish reversal candle on hourly for a move higher.
Bullish price action on daily but the 1.0746 strong level seemed to be holding up well. I have no strong views for EURUSD today TBH. Despite the strong up move yesterday, EURUSD could still form a lower high for a move lower, while on weekly, the up move currently looks to be a pullback before further downside. Overall, IMO, look to scalp shorts below 1.0746 for a move down to 1.0708. Would only be interested to look for longs at 1.0700/08 with a bullish reversal candle on hourly for a move higher.
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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.