I was bearish yesterday but price action was choppy. Price is much sideways between the two levels given, 1.0823, 1.0851 and even after the US PCE data, EURUSD made a fake up before selling off to close near the lows, also at Wednesday's low, a strong level. Price has moved up 25 pips since.
Is the lows in? or would we see another leg down? I would watch 1.0823 key level. A rejection here should see further downside. But based on the bullish price action now, would like to watch for at least a M15 timeframe for confirmation before looking for any shorts.
Is the lows in? or would we see another leg down? I would watch 1.0823 key level. A rejection here should see further downside. But based on the bullish price action now, would like to watch for at least a M15 timeframe for confirmation before looking for any shorts.
Join me for free on Patreon (www.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.
DM me to join my new group to learn all my trading levels and to trade together.