Is It Still Bearish for the EURUSD
While on the Monthly and Weekly we see this pair in a bearish swing, on the Daily, it appears to be in a Bullish swing. We have seen prices while sustaining the bullish swing, go through a strong bearish retracement. Price has come all the way into the Daily reversal zone.
At this point, we expect to see some form of reversal and for prices to begin the bullish extension towards the Daily liquidity target.
Where this happens, we will look to enter on long positions, using the panzy pips trading system.
In the unlikely event that prices continue to dip and the zone is breached, we will be look to see prices head for the Weekly liquidity target down below.
For whatever it is worth, the more likely direction, as at now, is a bullish reversal in the current zone, followed by a rally all the way up towards the Daily liquidity target.
At this point, we expect to see some form of reversal and for prices to begin the bullish extension towards the Daily liquidity target.
Where this happens, we will look to enter on long positions, using the panzy pips trading system.
In the unlikely event that prices continue to dip and the zone is breached, we will be look to see prices head for the Weekly liquidity target down below.
For whatever it is worth, the more likely direction, as at now, is a bullish reversal in the current zone, followed by a rally all the way up towards the Daily liquidity target.
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