- Euro Numbers are expected to be weak;
- There's just no enough long-term buyer interest to drive the price up - creating lower highs
- Market isn't allowing EUR to enjoy multiple green candles at any time frames.
Action to take: Short Euro till 1.3 - 1.28
If you're aggressive, you can enter as soon as bearish engulfing is witnessed on hourly chart,
Otherwise, you can wait for the yellow bar
- There's just no enough long-term buyer interest to drive the price up - creating lower highs
- Market isn't allowing EUR to enjoy multiple green candles at any time frames.
Action to take: Short Euro till 1.3 - 1.28
If you're aggressive, you can enter as soon as bearish engulfing is witnessed on hourly chart,
Otherwise, you can wait for the yellow bar