On Friday, for EURUSD, I was leaning towards a dip off the PZ then a move higher though I did give a view on both directions, that is a break lower.
EURUSD did tank from PZ and sold down all the way to my price target and even lower to 1.0634 level but overall, I was wrong on my direction, wrong read of the market really.
Bearish weekly candle indicate possible further downside but as we can see EURUSD is holding above 1.0634 strong level after hitting it today.
Looking for upside to 1.0676 before looking for potential downside. A break above 1.0676 could see further up move to 1.0706 strong resistance zone. Look for sell off that triple resistance zone with 1.0548 as price target.
EURUSD did tank from PZ and sold down all the way to my price target and even lower to 1.0634 level but overall, I was wrong on my direction, wrong read of the market really.
Bearish weekly candle indicate possible further downside but as we can see EURUSD is holding above 1.0634 strong level after hitting it today.
Looking for upside to 1.0676 before looking for potential downside. A break above 1.0676 could see further up move to 1.0706 strong resistance zone. Look for sell off that triple resistance zone with 1.0548 as price target.
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