Hello there,
Following the RBD, DBR, and LH, the EURUSD seems to want to push higher to 1.1 from the low of 1.07670.
Candle Structure:
The current candle opened bullish to the high of the third candle, a third candle that has a low above the high of 1.07878 of the April 1st 24 candle.
Summary:
So we have a strong bullish candle structure but a weak bullish trend. For that reason, 1.08253 is a level of interest for a bearish continuation from 1.12.
1.0600 is the first target area for a bias of 1.01769. It will take time; therefore, a strong confirmation below the level of interest will be required.
Happy Trading,
K.
Following the RBD, DBR, and LH, the EURUSD seems to want to push higher to 1.1 from the low of 1.07670.
Candle Structure:
The current candle opened bullish to the high of the third candle, a third candle that has a low above the high of 1.07878 of the April 1st 24 candle.
Summary:
So we have a strong bullish candle structure but a weak bullish trend. For that reason, 1.08253 is a level of interest for a bearish continuation from 1.12.
1.0600 is the first target area for a bias of 1.01769. It will take time; therefore, a strong confirmation below the level of interest will be required.
Happy Trading,
K.
"Tell me lies,
Time flies,
Close your eyes,
Come with me."