Yesterday, EURUSD made a huge down then up move. Levels worked perfectly fine though path wise was slightly off.
I was looking for either price to open and go higher or it hit the PZ then came down to new lows. EURUSD did initially base off previous day's low, touched the PZ bottom perfectly and started its sell down of 40 pips hitting the level below before recovering strongly. It closed red but with a long lower wick, which IMO is indication of price bottoming.
I will thus again go with this thesis. Could see a dip below but am looking for it to be bought up for a move higher. Overall, as long as 1.0841 holds, look for a long to 1.0901 double levels.
I was looking for either price to open and go higher or it hit the PZ then came down to new lows. EURUSD did initially base off previous day's low, touched the PZ bottom perfectly and started its sell down of 40 pips hitting the level below before recovering strongly. It closed red but with a long lower wick, which IMO is indication of price bottoming.
I will thus again go with this thesis. Could see a dip below but am looking for it to be bought up for a move higher. Overall, as long as 1.0841 holds, look for a long to 1.0901 double levels.
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