Hello everyone. I want share my idea about most traded product EURUSD pair.
we had pretty bullish trend on EURUSD but Friday we saw strong bearish move along with the DXY bullish move, which broke support at 1.09 and when market retesting it it closed.
I am paying attention to that movement because its pretty strong and we seen it when DXY start bullish movement.
its close also daily Fibonacci LVL but not enough strong.
price stuck between 2 LVL it's 1.09-1085. from here I have 2 scene of continue price movement.
Bullish Scene 1 - Retest again 1.085 LVL and continue bullish movement, if price will that that will be correction and Fibonacci will work on Daily chart.
Bearish Scene 2 - Brake 1.085 support, then retest it and continue trend with LH to 1.064 LVL where we have strong support.
here we need to be carefully because DXY has some bullish movement, if DXY will continue bullish trend in my opinion EURUSD price will come down. I will link in this post my idea about DXY.
BE PATIENT!!!!!
we had pretty bullish trend on EURUSD but Friday we saw strong bearish move along with the DXY bullish move, which broke support at 1.09 and when market retesting it it closed.
I am paying attention to that movement because its pretty strong and we seen it when DXY start bullish movement.
its close also daily Fibonacci LVL but not enough strong.
price stuck between 2 LVL it's 1.09-1085. from here I have 2 scene of continue price movement.
Bullish Scene 1 - Retest again 1.085 LVL and continue bullish movement, if price will that that will be correction and Fibonacci will work on Daily chart.
Bearish Scene 2 - Brake 1.085 support, then retest it and continue trend with LH to 1.064 LVL where we have strong support.
here we need to be carefully because DXY has some bullish movement, if DXY will continue bullish trend in my opinion EURUSD price will come down. I will link in this post my idea about DXY.
BE PATIENT!!!!!
