As you can see the candles has been ranging for quite a while. When you look closer you see the up moves are slow and taking more time then the down moves. Also inside of the range you see it constantly does lower highs and return back to the bottom. For me that are the signs that the bottom will break and we will get an lovely push to the downside.
Euro fundamentals and Flow is strong and USD fundamentals and Flow is weak.
Also it broke the resistance level and found support above it. (see blue arrows)
Now the pair is in range and loading up his orders. I believe in an strong move to the upside and set up an buy stop at it last high as entry point
Fundamentals and flow are in my favore for the sell. Also the pullback getting weak as it was not able to do a new high and it is quite possible for the trend to continue his sell.
On higher timeframe it is a clear uptrend. What also with my flow and fundamental research match
In this timeframe you see the v shape what is a sign of exhaustion and buy power. Also it struggle to make new lows.
Probably with Frankfurt open it will go up when volume comes in. Also can be a spike possible before that why i set up a buy stop order.
Pair is retesting previous highs and also in a little range at the resistance level.
Fundamental and flow speaking for buy and with latest opening of London. I believe the missing volume for taking of will come in
When we read the chart from left to right we have strong down move. The pullback stopped already two time at the same level and the third attempt is much slower. I have set up sell stop at previous day low to trigger my sell. Still possible to move further up but Monday we will know more
