AlpacaBlack

EURUSD Dec. 9, 2021

AlpacaBlack Updated   
FX:EURUSD   Euro / U.S. Dollar
Market mixed.
From one side it is trying to prolong correction and until we stay above S1 there is a chance to touch 1.1380/90 levels.
Loose of S1 will place S2 as main target intraday.
TSTW.

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Any information provided here is only the personal opinion of the author.
Comment:
Comment:
Comment:
62 net long retail traders within eurusd
75 net long retail traders within cbl
62 within fiber just because we already seen some long positions liquidation, while still not seen the same within cable... TSTW.
Imo we are not at the bottom still and it is early to resist USD strength.
People also start to sell eurgbp, imo it is wrong side already for a long time ahead.
TSTW.
Comment:
In conclusion, until it not touch 1.0996 it is early to say it is bottom.
1.0863 - 1.0813 already last fort for fiber (currently expect it to survive).

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