Analysis of EUR/USD
As we can see with the Dollar analysis, the same situation applies to Euro/Dollar.
On the daily timeframe, we observe strong bearish momentum.
During this movement, on the lower timeframes, the price has consistently grabbed liquidity (LQY) in the lower zones, and there is a strong possibility that this trend will continue.
What I would wait for is for the price to show me on Monday what it intends to do, so I can determine how to trade accordingly.
On the daily timeframe, we observe strong bearish momentum.
During this movement, on the lower timeframes, the price has consistently grabbed liquidity (LQY) in the lower zones, and there is a strong possibility that this trend will continue.
What I would wait for is for the price to show me on Monday what it intends to do, so I can determine how to trade accordingly.
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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.
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.