Buy Limit on retest of Consolidation Box where:
Fundamentals:
USD is expected to weaken based on high inflation and constant Dovish stance by the FEDS. The DXY is also on a bearish structure.
Technical-wise:
EURUSD has been showing signs of Bullishness recently. I would be targeting previous high for a 1:2 RRR to fill in left-out imbalance. Price has also shown rejection of the 1.18000 Key Level.
I've also set a time limit for this Buy Limit to be valid.
Fundamentals:
USD is expected to weaken based on high inflation and constant Dovish stance by the FEDS. The DXY is also on a bearish structure.
Technical-wise:
EURUSD has been showing signs of Bullishness recently. I would be targeting previous high for a 1:2 RRR to fill in left-out imbalance. Price has also shown rejection of the 1.18000 Key Level.
I've also set a time limit for this Buy Limit to be valid.