Eyes on EURUSD this morning as we enter into M and Q end rebalancing to put the 🍒 on top (as if there is not already enough in play). A healthy pullback towards 1.097x is enough to draw sellers back in and makes me lean towards playing another leg towards the downside with next 🔑 support located at 1.05xx handle lows.
There will be fresh supply at current levels as no one wants to hold risk into month end - fear remains prevalent across the globe and on a humanist level sentiment remains awful. On a slightly more positive note, once these dark clouds clear (still on track for early April) then the path is paved for a massive rebound in risk assets. Remaining as nimble as possible is the pragmatic approach.
The idea is no less imaginative than that of the recently posted :
Thanks as usual for all those keeping the support coming with likes, comments and etc! Jump into the comments with any questions and charts.