In yesterday's analysis, I discussed about EU to testing the bottom band of the flag with bearish continuation towards 1.2030 minor support zone 1, which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. To activate any short setups, we need to wait for some pullback preferably some sort of exhaustion signs with short-term Moving Averages (18ema) as confluence. Further push towards the launch zone (1.1961 area) is expected.
However, do not forget the higher timeframe picture remains bullish, the short-term bearish sentiment in the market now is nothing but a healthy pullback.
Trade safe.
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However, do not forget the higher timeframe picture remains bullish, the short-term bearish sentiment in the market now is nothing but a healthy pullback.
Trade safe.
Do follow my profile for daily fx forecast & educational content.