Looking at the wider data and recent moves, I do not think that Euro has the strength to push through recent resistances, given thin liquidity today/tomorrow I strongly believe the EUR/USD pair is short term neutral to bearish with an Explosive move from NFP to occur on Friday. Therefore this is the Day traders heaven for now unless big catalyst comes before NFP.
My Ideal target is to retest the 1.08 handle before going back up to 1.09 and then 1.10 in end of July.
Pay attention to the supply zones and trade accordingly.
My Ideal target is to retest the 1.08 handle before going back up to 1.09 and then 1.10 in end of July.
Pay attention to the supply zones and trade accordingly.
Comment:
so far beautiful rejections from the supply zone, 1.08 will be tested before NFP it seems.
Comment:
First Supply zone at the bottom held and the pair bounced back, seems the EUR is having some buying, interesting market given the fundamentals, any up rallies should be sold until NFP.
Trade closed manually:
Trade closed as it reached my second supply zone, trade played out perfectly.