Good algo level move on Friday; EURUSD sold down initially and hit our first support for a good long to PZ and beyond, before it made a slight pullback.
What's for today? Weekly wise, EURUSD printed a green candle; potential low is in? Daily wise, Wednesday was bearish and we got the initial sell but EURUSD recovered to close green, though there is a rejection from above. IMO bulls have the upper hand.
Price is above 1.0648 strong level, looking for further upside. As long as 1.0634 holds, look for a move to 1.0698 and 1.0714.
Could see a pullback from 1.0714, but if we get a daily close above this level, look for further upside for tomorrow.
What's for today? Weekly wise, EURUSD printed a green candle; potential low is in? Daily wise, Wednesday was bearish and we got the initial sell but EURUSD recovered to close green, though there is a rejection from above. IMO bulls have the upper hand.
Price is above 1.0648 strong level, looking for further upside. As long as 1.0634 holds, look for a move to 1.0698 and 1.0714.
Could see a pullback from 1.0714, but if we get a daily close above this level, look for further upside for tomorrow.
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