It appears that the market conditions for EUR/USD have been quite volatile. The shift from 1.0720 acting as support to now being resistance, combined with negative sentiment and potential trader repositioning, has hindered the Euro's attempt to push beyond yesterday's high of 1.0746. The dip to 1.0691, followed by a consolidation, suggests the pair may extend its losses to 1.0683/71, or potentially bounce back to test the 1.0744/46 range if it can break through 1.0720.
Nothing is quaranteed in a choppy market, until price action becomes more clear we must use technical analysis the most and speculate what is going to happen next with less probability until a market catalyst comes in and we know more.
I suggest only small bites until the big bull or bear hits the market from me it was a wonderful time trading with you all, see you tomorrow again, cheers!
Nothing is quaranteed in a choppy market, until price action becomes more clear we must use technical analysis the most and speculate what is going to happen next with less probability until a market catalyst comes in and we know more.
I suggest only small bites until the big bull or bear hits the market from me it was a wonderful time trading with you all, see you tomorrow again, cheers!
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