EURUSD POSSIBLE CORRECTION WHILE FRIDAY EURUSD PRICE RESTED ON MONTHLY SUPPORT WHICH ALSO IS THE 1.618 OF LAST SWING AND YELLEN ANNOUNCING POSSIBLE RATE HIKE. IN OVER ALL WE WILL BE LOOKING AT STRONGER DOLLAR HOWEVER , LOOK AT THIS CHART 10 DAYS OF LONG RED BARS 10 DAYS OF EUR SELLING OUT 10 DAYS OF DOLLAR BUYING OUT ALL EUR HAS TO OFFER. ................................................................................... THIS IS HOW I SEE IT WE WILL HAVE A PULL BACK/CORRECTION MOST LIKELY TO 1.08 - 1.0850 IT IS POSSIBLE A PULL BACK ALL THE WAY TO 1.0950 BUT HONESTY WITH STRENGTH OF DOLLAR RIGHT NOW i DON'T SEE IT.
SO THIS WEEK NO POSITION TRADE ON EU I WILL BE DAY TRADING IT ONLY.
GOOD LUCK
Comment
⋅
My chart was suggested but was removed LMAO this is so funny.
Comment
⋅
Comments
ishstar
⋅
Move up would be to close gap at best. Wild card right now is Draghi speaking in 10hrs. Overall this is very reminiscent of last year before eu launched up a few hundred pips .