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EUR/USD - End of January Analysis
A lot more indecision on the monthly timeframe, closing bullish inside of the previous monthly candle.
Does this signify a possibility for a short term rally?
In this analysis, I cover the possibilities of a retracement back inside of the weekly range or a continuation into the higher timeframe arrays.
Does this signify a possibility for a short term rally?
In this analysis, I cover the possibilities of a retracement back inside of the weekly range or a continuation into the higher timeframe arrays.
註釋
Going into this weeks trading for Euro, I was looking out for price to tap the equilibrium @ 1.03556 before respecting and rallying from the discount upto buyside liquidity @ 1.05334.
It is impossible to predict gap openings like what we saw on Sunday but the rally to close the gap played out the same day with Tuesday filling in 100% of the gap and repricing higher, closing inside of Friday's price range.
Lower dollar will enable a high possibility for risk on conditions for EUR/USD.
註釋
Unlike GBPUSD, EURUSD has more room to the upside with a minor SIBI to worry about @ 1.04444 before challenging 1.05344 buyside.
UK rate announcement will affect the price of EURUSD tomorrow.
Don't expect too much today
註釋
Weeks price range
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