EU Long

INTRADAY IDEA

⭐️Daily: Price is in a uptrend distinguished by higher lows. Price has break and retest an important daily level (1.19500) but, before continuing long, it has to break another important level (1.21500).
⭐️H4: after breaking 1.19500, price start creating higher lows and so we can expect a new higher low in 61,8% Fibo's zone meeting trendline and an interesting s&d zone.
⭐️H1: drawing more precisely the Fibonacci retracement we can make the entry zone more specific on 71/78% Fibo's level .

Bot EUR and USD are weak in this moment so what I'm waiting for is EUR to take some power with today's news to start validating this long idea.

NEWS TO CHECK:

🐂 10:00am EUR German ifo Business Climate

🐂 3:00pm EUR Belgian NBB Business Climate

🐂 4:00pm USD CB Leading Index m/m

🙏🏼 Namasté

Comment:

EUR in this moment is too strong so it seems it has skipped our possible entry and flew away. Personally I am not interested anymore in taking a long here because of the over-volatility. I will wait for clearer moves.
Every day there are endless opportunity in the market so don't be afraid to lose one.

🙏🏼 Namasté