Yesterday EURUSD sold perfectly from the level given at 1.0985 for a move down to 1.0927 for almost 60 pips (www.tradingview.com/...112023-Time-to-sell/), made a bounce before going down further.
Bearish price action with price below BZ. Looking for possible downside today, with a rejection off 1.0931 as a low risk level to go short for a move to 1.0811. Overall, trend is now down until there is a change. Nonetheless there is a chance we might just see a Friday chop before trend resume on Monday. But overall, looking for further downside.
And just a quick comment as the monthly candle just closed. Monthly candle for EURUSD is bullish, though the developing weekly and daily candles are bearish. 1.0813 is where the MBZ is, thus would be a good magnet. Looking for that level to trade and see if we get a daily reversal from there to decide the next direction.
Bearish price action with price below BZ. Looking for possible downside today, with a rejection off 1.0931 as a low risk level to go short for a move to 1.0811. Overall, trend is now down until there is a change. Nonetheless there is a chance we might just see a Friday chop before trend resume on Monday. But overall, looking for further downside.
And just a quick comment as the monthly candle just closed. Monthly candle for EURUSD is bullish, though the developing weekly and daily candles are bearish. 1.0813 is where the MBZ is, thus would be a good magnet. Looking for that level to trade and see if we get a daily reversal from there to decide the next direction.
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