Yesterday, following the trend and price action was a short. The PZ held the recovery totally and it eventually went lower during US session while indices came down. Price closed nicely at the first target given (www.tradingview.com/...gcA-EURUSD-06122023/). What's next for today?
Given the many days of selling, will we get a recovery? IMO if we are to get a reversal candle today, it should be after a move lower then a sharp rebound. Looking at 1.0748 for such an up move.
Price can consolidate at current levels, just below PZ and break lower, but if market move up, 1.0802 will be there level to try a short for the move down.
Given the many days of selling, will we get a recovery? IMO if we are to get a reversal candle today, it should be after a move lower then a sharp rebound. Looking at 1.0748 for such an up move.
Price can consolidate at current levels, just below PZ and break lower, but if market move up, 1.0802 will be there level to try a short for the move down.
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