We are in the area of a reversal for EURUSD. This would be the perfect area to do so. The H4 swing low was taken, we have a break down from a "triangle" that could trap traders, and the dollar index is in a bearish formation. The ONLY thing that makes me skeptical is the timing. We don't typically see this reversals on Thursday, especially not recently. BUT, if we can get back to that midlevel point of the Friday range - then expect for a possible reversal.
Kommentera:
EURUSD Failed to keep momentum, Should stay bearish.