Elliot_Myers
Long

EUR/USD Rejects 1.10661 - Upside Momentum Now In Sight

FX:EURUSD   Euro Fx/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.

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Elliot_Myers
9 months ago
Downside confirmed at break of blue box (price congestion and major resistance) stay tuned for a short set up.
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