Currently on EURUSD on the daily timeframe price took out Wednesday lows on Thursday and closed above them indicating a strong support level which will push price to the upside. Also today is the second Monday on the month, which is the true month open so, I will be expecting for price to go down below the true month open also taking out the previous week low then quickly distribute to the upside to takeout the previous weekly high.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.