Elliot_Myers
Long

EUR/USD Rejects 1.10661 - Upside Momentum Now In Sight

FX:EURUSD   Euro / U.S. Dollar
70 1 2
After 6 days of losses the pair sent a strong signal that selling pressure was dying out with a 3rd rejection of the 1.10661 level on Friday. The wait for a bullish entry now begins - While the Friday daily candle is a strong bull signal, it is likely trading will be choppy on Monday (due to weekend events) and a wiser approach to entry is always to wait for the weekend reaction to pass before entering.
Downside confirmed at break of blue box (price congestion and major resistance) stay tuned for a short set up.
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