Hello traders.. we have another analysis here outlining potential scenarios for intra-day trading EurUsd. Look for 1hr candle closures outside 1.06855 1hr resistance zone and 1.0669 1hr support zone. Look at those ranges we could potentially trade .. up to 1.0712 or if we go down then 1.06345. We have no major news releases left this week except for unemployment claims in the next session.. forecasted to increase slightly and I don't expect any major volatility from this... if anything maybe boost in the direction of the preceding trend leading up to it. I'm looking at higher prices for the next sessions as 1 I made a long analysis on Sunday and we are up since then.. 2 the low of the week coincided with the fed speech on tuesday's NY session.. 3 the daily candle just closed strongly bullish for EurUsd with a wick to fill & bullish momentum. 4 Yes stock markets are getting beat up, signaliing risk-off USD strength sentiment but bond yields on the 10 year were up like 3.5% on the week and are now up 1% as we've had some very strong bullish momentum the past few weeks.
Comment:
hello traders.. EurUsd Update.. the 4hr candle just closed bearish englufing the previous 3 4hr candles from london and asian session.. it looks like we may retrace back down. You may observe the scenario with the arrows in which we have a retest of 1.0669 preceding a drop back to 1.06345. I was anticipating the market would be around this price(denoted by the blue circle) around NY open. The other scenario is that we suddenly observe alot of buying pressure back to 1.06855. The technicals are pointing down currently
