EURUSD > Careful and Wait for Confirmation First Before Buying!
Analysis on #EURUSD
As usual, the market will find a reason to move, this week is the oil shortage in the UK and maybe the recent FED member's resignation adding uncertainty into the market.
This might cause money to fly to USD and will push the dollar up, that will means the EURO will push down, be careful.
I believe we have seen the top for EURUSD and weight start unwinding the move that happened last year as the dollar will start to shine again, still early but the signs are there.
The EURUSD has to close below 1.1600 to make believe100% on the above.
Right now the structure is holding and we can still move higher but we need to be careful and wait for confirmation first before getting into a buy trade.
like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is where preparation and opportunity meet." TradingAxis
As usual, the market will find a reason to move, this week is the oil shortage in the UK and maybe the recent FED member's resignation adding uncertainty into the market.
This might cause money to fly to USD and will push the dollar up, that will means the EURO will push down, be careful.
I believe we have seen the top for EURUSD and weight start unwinding the move that happened last year as the dollar will start to shine again, still early but the signs are there.
The EURUSD has to close below 1.1600 to make believe100% on the above.
Right now the structure is holding and we can still move higher but we need to be careful and wait for confirmation first before getting into a buy trade.
like and comment will be hugely appreciated, thank you so much for your support.
Check today analysis below⠀
>>“ Success is where preparation and opportunity meet." TradingAxis
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