As I said multiple times in the past 2 weeks, 1.0350 is strong resistance for EurUsd and I expect a drop from this zone.
Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend.
Last week we have distribution in this zone and now the pair looks ready for a drop.
My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend.
Last week we have distribution in this zone and now the pair looks ready for a drop.
My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
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