EURUSD Thesis
- Weekly: After rejection of major zone 1.1223 last week candle closed as a shooting star signalling bears are ready to push price lower. EUR market structure is still bullish so we need to be cautious.
- Daily: Previous low was taken out after break below 1.1177 4hr zone with a bearish engulfing candle signalling bears could push EUR to as low as 1.1072 which is our next intended target.
- 1hr: Break below descending trend-line swinging momentum from bullish to bearish. After break below 1.1177 now expect a pullback into the zone, if zone holds then we could see a bearish rally to 1.1072.
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