Prhinze

"OFF TO THE MOON AND BACK"

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
Last week came in as expected in price, every effort in DXY to see a rally above it high keeps hiding price bound with little rally and little decline. Though HTF is still calling for higher prices, the current orderflow gives us a low probability anticipation in price since both sides of the market could be called for in analysis. But personally, with the quaterly shift idea outlined last week, I would call to seen lower prices in DXY in what could be the classic downtrend manner.
Following the same logic in EURUSD, calling for higher price at the moment would be more ideal than seek. The down side, though EURUSD till have it bearish engine installed, but at the moment a retracement to the upside on the MONTHLY CHART to fill in the FVG on the monthly chart is more ideal before a race to the down side. This is the kind of situation I call a TWIN BIAS for the week.

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