#EURUSD - 27112024
EURUSD sold down early yesterday on Trump's tariff news which gave the perfect long. I said to look for a move higher from 1.0430 and it was the low as it rallied over 100 pips going up to 1.0544 strong level before pulling back half way.
What's next? Daily candle closed red with long upper and lower wick. We see a down move from 1.0544 to 1.0440 which is quite a big down followed by a recovery. I have no strong view from here, but IMO, what we could see is that EURUSD could make a move lower (below yesterday's low), possible to fill Monday's gap at 1.0430, then move higher.
What's next? Daily candle closed red with long upper and lower wick. We see a down move from 1.0544 to 1.0440 which is quite a big down followed by a recovery. I have no strong view from here, but IMO, what we could see is that EURUSD could make a move lower (below yesterday's low), possible to fill Monday's gap at 1.0430, then move higher.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
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.