EURUSD- Still wants 1.2020 I believe- Looking for shorts
Too busy trading to write the full analysis at the moment. But I'm looking for shorts to open the week on EURUSD for a few reasons.
I'm looking for an imbalance from winter to get filled
We have equal lows piling up just above it.
Price is beginning to converge on itself which means the banks are building a position.
We have a potential liquidity spike that went high, just to grab some orders, only to get reversed on quickly.
The DXY looks bullish.
1.2020 has been my target since 1.2320 was hit. I think this level is a great target.
I'm looking for an imbalance from winter to get filled
We have equal lows piling up just above it.
Price is beginning to converge on itself which means the banks are building a position.
We have a potential liquidity spike that went high, just to grab some orders, only to get reversed on quickly.
The DXY looks bullish.
1.2020 has been my target since 1.2320 was hit. I think this level is a great target.
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