Sticking to the basics of trading:
The market stalled making a resistance zone for the buyers. Thus showing early selling pressure.
The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend.
For anyone going into the london session can use the 4H timeframe to see that price has potential to retest this level and carry more volume to the downside.
However, BIG Reminder!
The market can do what it wants, so beware that buys are still in play as the overall defining trend is
EURUSD
bullish for the buyers.
The market stalled making a resistance zone for the buyers. Thus showing early selling pressure.
The next area the market can possibly bounce from is at the 0.08500 mark. This mark would be a good area for buys continue the higher timeframe trend.
For anyone going into the london session can use the 4H timeframe to see that price has potential to retest this level and carry more volume to the downside.
However, BIG Reminder!
The market can do what it wants, so beware that buys are still in play as the overall defining trend is
EURUSD
bullish for the buyers.