ShrewdCatfx

Bullish momentum is over? ๐Ÿ“Š

Long
ShrewdCatfx Updated   
FX:EURUSD   Euro / U.S. Dollar
Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range and price may reach across the clean traffic range to 1.08166 . A 27 Pips range.
Comment:
good day everyone. we can observe that overnight we held the level 1.08428 and price has continued to the upside. This was anticipated and explained in the analysis. Bullish momentum appeared quite strong to begin the week on Monday. We noted this in our video analysis
Its is possible we may stretch the 15-30 pips depending on the strength of the momentum
we have 1hr resistance level at (1.08722) & We have daily resistance level at 1.08882
Comment:
Price is retracing back to the daily level 1.08166 as it mirrors the bullish move from Monday London session
Comment:
Price is rejecting the Daily Level 1.08882
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