Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
Any information provided here is only the personal opinion of the author.
Comment:
Comment:
Trend is still bearish, but a bit tired on daily. That gives people some hope for a bounce, but trend is bearish and euro still imo do not complete weakness cycle.
We are standing right under resistances and time already not supporting bulls, time start to play against as support levels already getting lower and lower each hour we stay under resistances without impulse. Algos trying to calm down everyone, but I think we shud beware of a sudden fall first.
Support levels for a wide part of trading society situated at 1.1509 - 1.1499 levels, I hope to see it lower at 1.1421 were the reversal can occur...
This is frankly very important level for the further pa expectations.
In any case we are still here around 1.1570/80 and it is very early to talk about extreme levels.
Trade safe and wise.