EURUSD Thesis
- Weekly: EU market structure is still bearish. Huge bearish engulfing candle broke below 1.1086 daily zone signalling huge sell momentum.
- Daily: Price has come back to retest 1.1086 as resistance after a break below. Also in confluence as a restest of double top reversal pattern neckline. Next possible target 1.0950.
- 1hr/4hr: Now i am just waiting for one more drive up into 1.1086 for one more test before looking for good price action to sell EU.
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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.