EURUSD doesn't have the strength to reach the sell zone
This week EURUSD was expected to reach the sell zone at 1,1200.
However, yesterday was just another day when the pair couldn't break above its previous highs.
That's why we're looking for a possible rejection sooner, therefore a move to the downside after that.
That means that we should close all long positions and we will be looking for entries in the opposite direction.
In best case scenario during London open today, we will see a nice rejection candle with a long wick to the upside reaching 1,1060.
This will be the best entry opportunity.
We will wait for confirmation and we're also looking at GBPUSD for an entry as well.
However, yesterday was just another day when the pair couldn't break above its previous highs.
That's why we're looking for a possible rejection sooner, therefore a move to the downside after that.
That means that we should close all long positions and we will be looking for entries in the opposite direction.
In best case scenario during London open today, we will see a nice rejection candle with a long wick to the upside reaching 1,1060.
This will be the best entry opportunity.
We will wait for confirmation and we're also looking at GBPUSD for an entry as well.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.