Analysing forex from The Market side & perspective.
Hello traders, today we are going to analyse EURUSD. The Market is still in a strong uptrend for about 540 pips since start of July, and this price is the same price of September, 2018 high. The market does not show any down movement indications yet, and still have an uptrend potentials until next month. Today we also have two positions, BUY at 1.1820 as the market goes up. and SELL at 1.1710 as an antisipation of downtrend movement.
If you go to the daily it hit a major zone of resistance and came back down and seems as if it wants to short first before coming back long. My idea of it. Any feedback would be greatly appreciated.