EU was making classic LHs & LLs on the Daily chart which led price right into a HTFZ (1.0820 - 1.1016) where price not only reversed but broke out of a bull channel. Although I'm bullish I would like to see price dip back down around the 1.0991 - 1.1035 levels before a strong rally happens.
Since EURUSD engulfed a zone on Friday's closing candle I would look to see if Sunday's open start above the 1.1163. If so, I would look for price to retest that level before going long. I also would reference the previous LHs for areas of take profits instead of trading price to the next level which starts at the 1.1736 point. We shall see.
NOT TRADING ADVICE!!
Since EURUSD engulfed a zone on Friday's closing candle I would look to see if Sunday's open start above the 1.1163. If so, I would look for price to retest that level before going long. I also would reference the previous LHs for areas of take profits instead of trading price to the next level which starts at the 1.1736 point. We shall see.
NOT TRADING ADVICE!!