Long Idea
Just precaution in case the price will get bid at 1.3600 to new intraday high > 1.3652 before invalidating 1.3588s
it might end the downtrend and bouncing higher.
But if there's no intraday high and price goes below 1.3588 then i'd just look to buy at 1.3550-1.3500 (previous possibility)
my problem with bearish the eur is euraud doesn't seem constructive to the downside. so does eurchf and we might get another failed continuation 5 waves down. and the dollar index doesn't seem that bullish and might just go another upside and pullback. both scenarios are in play, will stay sidelines to watch which would be likely to play.
for bearish idea i won't look to short here, but will be looking for bigger pullback in bigger time frame (daily)
it might end the downtrend and bouncing higher.
But if there's no intraday high and price goes below 1.3588 then i'd just look to buy at 1.3550-1.3500 (previous possibility)
my problem with bearish the eur is euraud doesn't seem constructive to the downside. so does eurchf and we might get another failed continuation 5 waves down. and the dollar index doesn't seem that bullish and might just go another upside and pullback. both scenarios are in play, will stay sidelines to watch which would be likely to play.
for bearish idea i won't look to short here, but will be looking for bigger pullback in bigger time frame (daily)
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