EURUSD is approaching an area where we could see some weakness in the market.
4hr timeframe Ive marked out an area where the market has touched the daily resistance level and been rejected.
Now the market will either break through or reverse. We also have divergence on the RSI tilting my bias to the short side a little bit more.
But EMA's are under the price action meaning for me the underlying trend is still bullish.
All I can do at this point is wait for clearer confirmation of what the market is going to do.
Follow your trading plan and trade the plan guys.
4hr timeframe Ive marked out an area where the market has touched the daily resistance level and been rejected.
Now the market will either break through or reverse. We also have divergence on the RSI tilting my bias to the short side a little bit more.
But EMA's are under the price action meaning for me the underlying trend is still bullish.
All I can do at this point is wait for clearer confirmation of what the market is going to do.
Follow your trading plan and trade the plan guys.