EURUSD has triggered in another lower swing high from the intra-day perspective. Smooth re-test tapping into the 1.16200 region, with a bearish rejection which coincided with the lower swing high.
Besides the Crude Oil inventories release later today, there are no macro fundamentals which will significantly impact the fluctuation of the EURUSD exchange rate.
Furthermore, stop placements have been placed above the entire 1.16200 - 1.16420 resistance region as price may re-test 1.16200 once more before bearish movement plays out.
Holding this position short - expecting the 1.1500 psychological demand barrier to be met at some point this week.
Besides the Crude Oil inventories release later today, there are no macro fundamentals which will significantly impact the fluctuation of the EURUSD exchange rate.
Furthermore, stop placements have been placed above the entire 1.16200 - 1.16420 resistance region as price may re-test 1.16200 once more before bearish movement plays out.
Holding this position short - expecting the 1.1500 psychological demand barrier to be met at some point this week.