EUR/USD Intra Day Play.

EUR/USD did as expected and accumulated during the Asian session. 📈

We are now experiencing the manipulation phase as part of the London open, in line with the AMDX (Accumulation, Manipulation, Distribution, X) theory. As the quarters go, the new one will start at 12 PM, and I expect the distribution to continue. 🕛

There's a ton of options expiring today, which could add volatility to the market. With significant expiries at the 1.0800 level, it might act as a magnet for the price.

I am still anticipating a move to the downside as the DXY looks set to extend upwards from 105.083 to 105.401. This will likely impact EUR/USD and also XAU/USD to continue their downward trajectory. 📉

I'm looking at Sells for the EURO below the key level of 1.07963, aiming for an entry at 1.07884.

Let's see how the morning opens up and take it from there. Stay sharp and ready! ⚡️

Happy Trading! 💪