I called for a move higher for EURUSD yesterday but it was just a messy sideways move (though we ended higher) unlike the clean up move for indices. 1.0966 continue to be a strong resistance with BZ holding any rallies. Time for shorts?
I might have called for shorts if GBPUSD was not strong. Of course they are still two different currencies but they usually move together. I would say for EURUSD, price action is neutral to bullish, while trend wise, it is slight bearish. If indices and currencies are to move together then I would go for a pullback and a move higher for today. Two possible moves; market gave a final dip fake down to re-test yesterday's low at 1.09226, look for a long to target 1.0978 and 1.110, or, price base around 1.0954 and 1.0966 two strong levels. Not able to go up means expect a break higher to 1.10 and 1.1034.
I might have called for shorts if GBPUSD was not strong. Of course they are still two different currencies but they usually move together. I would say for EURUSD, price action is neutral to bullish, while trend wise, it is slight bearish. If indices and currencies are to move together then I would go for a pullback and a move higher for today. Two possible moves; market gave a final dip fake down to re-test yesterday's low at 1.09226, look for a long to target 1.0978 and 1.110, or, price base around 1.0954 and 1.0966 two strong levels. Not able to go up means expect a break higher to 1.10 and 1.1034.
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