EURUSD- NEUTRAL
The direction is not very clear, and I hesitated to see the downside few days ago.
Here we are, quite south of the borders, and we are resting now near the support at 0.9820. The w-formation is negated and we got more of a descending wedge being formed. It is oversold but still not extreme, and with strong market conditions to downside, I suspect still a rebound, but not as yet.
For now prefer to remain on side line, or try small buy near support and take profit 1.0078 for now.
Here we are, quite south of the borders, and we are resting now near the support at 0.9820. The w-formation is negated and we got more of a descending wedge being formed. It is oversold but still not extreme, and with strong market conditions to downside, I suspect still a rebound, but not as yet.
For now prefer to remain on side line, or try small buy near support and take profit 1.0078 for now.
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