I was looking for a possible bearish continuation on Friday, but it was much a ranging move on Friday. Market did move higher to re-test the PZ (though the bottom) and market found a rejection at the bottom and closed near the mid point of the range.
We have a green daily candle for Friday. Is market consolidating before further down or is the near term low made and market is going to move higher?
IMO, EURUSD is looking to bottom and thus IMO EURUSD will move higher from here, find resistance above before possibly coming down.
Price is at the PZ. A break above PZ would see further move to 1.0901 and 1.0907, both of which are higher timeframe resistance.
IMO could see a test of 1.0909 and pullback, and if price can be accepted above 1.0901, EURUSD will move higher
We have a green daily candle for Friday. Is market consolidating before further down or is the near term low made and market is going to move higher?
IMO, EURUSD is looking to bottom and thus IMO EURUSD will move higher from here, find resistance above before possibly coming down.
Price is at the PZ. A break above PZ would see further move to 1.0901 and 1.0907, both of which are higher timeframe resistance.
IMO could see a test of 1.0909 and pullback, and if price can be accepted above 1.0901, EURUSD will move higher
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