EURUSD - Wait for the Pullback @ 1.17633
Hi Traders,
Did you miss todays jump higher? Well we did as well however the name of the game is patience. At this moment the market is exploring how high it can go, what levels of support exist and establishing new phycological levels.
1.17633 aligns with a 61.8% fib level and prior price structure which makes it a sensible entry point. The dollar is under intense pressure and is headed for a core support at 11850 (Check the Dollar index) where we will likely see the Dollar strengthen again and a deep retracement across pairs.
Exercise caution as the smart money always sells when the majority buy and buys when the majority sell.
Did you miss todays jump higher? Well we did as well however the name of the game is patience. At this moment the market is exploring how high it can go, what levels of support exist and establishing new phycological levels.
1.17633 aligns with a 61.8% fib level and prior price structure which makes it a sensible entry point. The dollar is under intense pressure and is headed for a core support at 11850 (Check the Dollar index) where we will likely see the Dollar strengthen again and a deep retracement across pairs.
Exercise caution as the smart money always sells when the majority buy and buys when the majority sell.
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.