EUR/USD DOWNSIDE APPROACH

13 sie 2019

as we can see here on the EUR/USD chart that the market has been trending with no direction and has been in a sideways direction. as of now, the market is having an unconditional amount consolidation with high uncertainty of where the market is going. however, because the market is testing a resistance area and hasn't been able to break past the 0.618 and 0.5 fib level, with every candle test in this area getting weaker and weaker in the upside direction, we hopefully looking for the market to move to new lower areas, so we are going to wait and see more structure to form so we can get more of indication on how and when we will place our trades, but in these situations watching the market is the best thing to do.