Bias is bullish EURUSD wants to push higher.
Last week we tapped a strong weekly demand area and finished with a hammer
Daily inside bar, bullish signal
Daily trendline from last half year that has been broken to the downside made a retest, retailers are adding sells that will provide liquidity for the long
Accumulation phase, smart money collects buy orders
Lots of liquidity will be used through the trendline break, the range low and the 1.13 level, retail sells gets trapped to the wrong side
15min imbalance waiting for mitigation
Take entry at 1.1299
Aim for 1.1440 /1.1600
Last week we tapped a strong weekly demand area and finished with a hammer
Daily inside bar, bullish signal
Daily trendline from last half year that has been broken to the downside made a retest, retailers are adding sells that will provide liquidity for the long
Accumulation phase, smart money collects buy orders
Lots of liquidity will be used through the trendline break, the range low and the 1.13 level, retail sells gets trapped to the wrong side
15min imbalance waiting for mitigation
Take entry at 1.1299
Aim for 1.1440 /1.1600