With the non-stop inflation data coming from the European Region, contractions are experienced especially on the production side. This situation continues to limit the movement of the European Union Central Bank. Although the communication problems in the last meeting continued and the problems in verbal guidance made it seem like the interest rate increasing cycle was complete. However, in the light of these data, tightening should continue...
The focus of the market for now is US data to be released on Thursday.
With the last movement, I am waiting for the 1.10 and above movements to come with the end of a big corrective movement.
Trade active
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Short position opened
Trade closed: stop reached
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Stopped but i ll take another one for it ( i m using 1+1 trade with risk management per day)
I believe traders are anticipating that area as a buy zone , slowly the euro is melting away . . Just be patient and wait for a fake out in your demand zone . could strech down all the way to .08600 zone as a fake out
ucanpehlivan
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@andallthisends87, I agree. Basically, it's clear that the euro is under pressure. I do not immediately open a trade from the demand area I have determined. I'm watching first. I get my trades at 1m.
ucanpehlivan
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i m gonna update idea if i open a trade here. Dont forget to follow ;)