1 minute ago
- Price levels are targeting previous Swing Low where prices have a higher probability of rejecting due to the established downtrend in the euro from MAY 25TH 2021.
-Price had previously rejected the 1.035000 psychological level creating a lower low. This level is also the December 2016 - Jan 2017 low providing some significance to the psychological level.
- Current move to watch is upward price movement to the Swing Low supply zone and if any signs of candlestick rejection and downward pressure is present then this confirms the short of EURUSD .
- The Fibonacci level of 61,80% compliments this Swing low supply zone which provides additional confluence if there is rejection in this price region.
- Key Fundamental events to watch would be the FOMC meeting and US data this week (23/05/2022 - 27/05/2022) as well as Christine Lagarde's comments on the EUROZONE Inflation .
- Price levels are targeting previous Swing Low where prices have a higher probability of rejecting due to the established downtrend in the euro from MAY 25TH 2021.
-Price had previously rejected the 1.035000 psychological level creating a lower low. This level is also the December 2016 - Jan 2017 low providing some significance to the psychological level.
- Current move to watch is upward price movement to the Swing Low supply zone and if any signs of candlestick rejection and downward pressure is present then this confirms the short of EURUSD .
- The Fibonacci level of 61,80% compliments this Swing low supply zone which provides additional confluence if there is rejection in this price region.
- Key Fundamental events to watch would be the FOMC meeting and US data this week (23/05/2022 - 27/05/2022) as well as Christine Lagarde's comments on the EUROZONE Inflation .
Comment:
EURO Inflation data - Red Hot
Comment:
US Inflation data - RED HOT
Targeting a breach of the price level 1.05000.
ECB Rate hikes to take course.
Targeting a breach of the price level 1.05000.
ECB Rate hikes to take course.
Comment:
Price approaching key psychological level and demand zone could either reverse for a retest (good for 2nd entry) or break that level and push further to the downside.
Comment:
Price level 1.03500 currently being tested. Short opportunity if daily candle closes below this price level.
Comment:
EURUSD Hit Parity.