Description
⋅ Hello Traders!,
What Is The Market Telling Us?
- Strong bullish momentum in the market after reaching 2-year low
- Price is over-extended as it is far away from 50EMA (Price always returns to MA)
- EUR strength could be at a hold after reaching supply zone made form early April
When Should We Enter?
- Best time to enter would be once a clear bearish pattern has been completed on the lower timeframe
- If price continues to rise slightly or there is no clear pattern, I expect a downside turnaround @119.00 level