EU Bullish - Price shall pick steam after the ECB decision.
Okay, we hit last week trade and TP perfectly. Although, it took more time than we thought, nearly 4 days. I guess the reason is EU´s low volatility and slow(ish) price movement.
This week we are expecting BULLISH Trend to conitnue. However, ECD is declaring an interest rate decision on 27th of July next week. Until then, price is expected to consolidate, but later on, from technical standpoint, test the Daily key level.
Regardless of the ECB decision, major events and incidents should occur for the price to turn bearish, as this bullish trend has continued for more-or-less 8 months so far since November 2022.
1. 5min / 15 min day trades
2. Bigger trend trades via Weekly, Daily and 5H after the ECB decision.
EURUSD
This week we are expecting BULLISH Trend to conitnue. However, ECD is declaring an interest rate decision on 27th of July next week. Until then, price is expected to consolidate, but later on, from technical standpoint, test the Daily key level.
Regardless of the ECB decision, major events and incidents should occur for the price to turn bearish, as this bullish trend has continued for more-or-less 8 months so far since November 2022.
1. 5min / 15 min day trades
2. Bigger trend trades via Weekly, Daily and 5H after the ECB decision.
EURUSD