One of my favorite indicators is retail traders. Usually, they are wrong... The brokers I use at current time have 70- 80% retail traders short, and the price is just squeezing down. That leads me to believe that we will see EURUSD stabilize and range at this point, and then move higher. I could continue to squeeze down through the week, but shorting long with a huge underlying Bullish structure on the daily chart is not an option for me. Bullish at this point would be a close above 1.1260. Selling short term bounces above 1.12 could be interesting short term positions. Will update through the day of what possible opportunities arise:)
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