EurUsd can make a new low soon
In my yesterday's commentary, I said that a break under 1.01 again for EurUsd would signal that the correction is over and 1.02 is a new local top.
The CPI data triggered a massive sell for the pair and now we are back under parity.
I expect a break under 0.99 and a continuation to the downside in the next few days and sell rallies is my strategy.
Only a daily close above 1.02 would put a pause in this scenario
The CPI data triggered a massive sell for the pair and now we are back under parity.
I expect a break under 0.99 and a continuation to the downside in the next few days and sell rallies is my strategy.
Only a daily close above 1.02 would put a pause in this scenario
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