DYSWIS . . . Yes I'm sure everyone sees what I see on the dailies . . . I guess a lot of retail traders are entering on the BUY side now and I hope they all get lucky.
Economically nothing has changed, PRICE has just hit a line.
PRICE is a mile away from the 100SMA . . . that's good and bad as it will act as a magnet at some point . . . it has to that's the way math/s works.
Break the chart to the 30M and you have the 100SMA heading down and PRICE below . . . not good although it does present a target if trading against the trend with some FIBS from the previous H . . . not my style.
Break it down to the 5m chart and the 100/200SMA are bunching so it suggests EURUSD may have a intraday break at some point and it's soon to test the 100SMA as it's first hurdle and then the target moves to the 200SMA.
Even intraday trading from my "bible" chart the 30m, I'm not a BUYER . . . I would be trading against the trend and the trend is my ACE card.
If you're LONG today then I wish you well . . . I'm off to other pairs looking for my ACE card.
I see PRICE has hit the 100SMA on the 30m and just back above that big red line as I write . . . lets see if it shoots up to the 5D AvDaRa at 1.06800+- . . . that's the bigger target.