#EURUSD - 29 MayVery good level to level move yesterday; EURUSD opened and moved up to 1.0886 strong level almost perfectly before pulling back. It tested the PZ (barely) at 1.0860 moved up but eventually moved lower. Bearish reversal candle on daily and we saw the follow through to the downside today.
Price is perfectly at the 1.0845 level double support now (with another strong level at 1.0834 below). Daily price action pointed to further downside which happened, thus with price now at 1.0845 strong level with 50 Fib, question is where next. I am inclined to scalp longs here off this strong level for a possible move higher as long as 1.0834 holds.
Of course, a break of 1.0834 could see a re-visit of the lows. I am looking to be patient to look, wait for the H1 bullish confirmation candle for the longs.