The euro fell a bit last week as we continue to see the downtrend play out. Ultimately, this is a market that I think will drag down towards the 1.0850 level. It continues to be very choppy but more with a downward slant than anything else. I think it is not until we break above the 1.12 level that you can take any rally seriously. Until then, I will be fading...
Big move loading as well on EURUSD, market makers are not entering huge positions because they are waiting to see if Powell is hawkish is doveish.
What do you think ?
Powell will be a dove or a hawk?
Trend Wise :
We have a long daily down trend
Short 1 hourly up trend
Level wise : Support (GREEN levels) Resistanse (RED levels)
Support WEEKLY : 1.14963
Resistense many levels between 1 hourly and 4 hourly
please comment for questions or any explanations
