Look to sell EUR/USD on a retest of any of these 2 points with a bullish confirmation
1. Liquidity Imbalance
2. Level 1.17500
Analysis:
1. Price has been on a recent downtrend making good bearish structure.
2. Price made a big drop at the end of last week; creating a imbalanced S&D
3. Price moved a considerable amount away from trendline (Waiting to retest)
4. Take profits along the way towards to level 1.16500
5. DXY has a large bullish imbalance and is expected to retrace before continuing higher
1. Liquidity Imbalance
2. Level 1.17500
Analysis:
1. Price has been on a recent downtrend making good bearish structure.
2. Price made a big drop at the end of last week; creating a imbalanced S&D
3. Price moved a considerable amount away from trendline (Waiting to retest)
4. Take profits along the way towards to level 1.16500
5. DXY has a large bullish imbalance and is expected to retrace before continuing higher