Might the Algos in the Golden zone hold!!!
When looking to EURUSD the 1st idea popping up is the possibility of a double bottom around 1.08791 level, even if looking quite bearish heading down big time at the moment, we know that markets are driven by algos, buy-side algos are sitting at the golden pocket trying to push prices upwards.
It is my personal opinion when looking to the left we find heavy market structure S&R around golden ration levels, it might help to hold the price and create some consolidation.
Also, a rejection on DXY at the current levels and a downward continuation is from major importance for pair like EURUSD to consolidate and reverse upwards.
It is my personal opinion when looking to the left we find heavy market structure S&R around golden ration levels, it might help to hold the price and create some consolidation.
Also, a rejection on DXY at the current levels and a downward continuation is from major importance for pair like EURUSD to consolidate and reverse upwards.
Comment:
Comment:
As expected Algos hold and a reaction from the golden zone started with an impulsive move upwards, through next week lets see how it will react and if we will see further downwards movement or long continuation.
Hope many of you caught this beauty.
Hope many of you caught this beauty.