after a strong start for the week on EURUSD, now we see price holding again below 1,1600.
This means that most probably this move doesn’t have enough power to continue higher and we should see another drop to the downside.
A good entry here would be to wait for price to go up to around 1,1640 and to wait for a reversal candlestick formation.
Then we can place our stop just above 1,1700.
We will be expecting for price to break below previous lows.
This means that most probably this move doesn’t have enough power to continue higher and we should see another drop to the downside.
A good entry here would be to wait for price to go up to around 1,1640 and to wait for a reversal candlestick formation.
Then we can place our stop just above 1,1700.
We will be expecting for price to break below previous lows.
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