The high impact drivers today had an aggressive move higher, but Fiber quickly repriced lower later in the day. The chart shown here is a trade idea that I would consider.
I can see shorts for EURUSD. Price needs to stay above the grey box to maintain the bearish outlook. If the top of the grey box is traded to, we need to get away quickly from that area. Otherwise, we will consolidate or move back into a bullish stance.
EU showing signs of turning around near weekly high after stop hunting
What you see is EURUSD on H4 timeframe. The price will bearish to 1.08800. You can take any profit above 1.08800. The volatility this week slow regarding towards the fundamental week. Market will be slow, choppy and spiky upon 2nd March 2020 - 6th March 2020. Heading towards the payroll report on 6th. This will be the correction towards the market as EURUSD will...
After taking out Friday's high and rejecting multiple candles plus we haven't had any retracements after the expansion last week i'm expecting some selling to occur to the 1.1100 level with maybe a 10 pips sweep below that.
Dxy clearing the clean highs at 95.30 will send eurusd to hell. Cut the trade if it finds support and fail to break below monthly open. Good luck
Short Opportunity here, invalidation if we break the short term swing high to the left.
EUR/USD Short position - Target our previous stop out. Subscribe for future free trade ideas.
EUR/USD Short position with tight stop-high reward. Subscribe for future free trade ideas.