EURUSD- 28Mar2022
On the weekly, last week bearish candle negated most of previous week's bounce indicating a weakness in the EUR. Price action is weak and could potentially pulled back lower this week.
On the H4, price has started to form micro lower highs and lower lows after facing bearish pressure from 1.11375 level. However, it is still making higher highs and higher lows after finding bottom around 07Mar22. For today, we need to monitor whether EURUSD breaks previous higher lows at 1.09105, if it does we could expect it to retest previous lows at around 1.0800.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, last week bearish candle negated most of previous week's bounce indicating a weakness in the EUR. Price action is weak and could potentially pulled back lower this week.
On the H4, price has started to form micro lower highs and lower lows after facing bearish pressure from 1.11375 level. However, it is still making higher highs and higher lows after finding bottom around 07Mar22. For today, we need to monitor whether EURUSD breaks previous higher lows at 1.09105, if it does we could expect it to retest previous lows at around 1.0800.
This is for personal record purposes only, not financial advise or solicitation of trade.