ForexTrendline

Another downfall on EURUSD | Where to now?

ForexTrendline 已更新   
FX_IDC:EURUSD   歐元 / 美元
Yesterday we looked for an upside move here on EURUSD and there was one to 1,1895.
That upside move was not quite easy for price and today we see a downfall.


The main question now - Where to?

Obviously there is not enough strength in this move to continue higher and so we shouldn’t be buying.
However, there’s no basis for short positions either.

This is a time where we shouldn’t be looking for trades on this timeframe.

A breakout in either direction will give us a clear idea in what direction market will be going next.
Anything before that is basically a prediction without any basis.

That’s why move on to another instrument or go for a walk!
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