Technical Analysis
From the above chat we can deducce that the price is still in an uptrend. The price has been respecting the trendline for so long We are watching for the price to come to the support level of 1.07 and also to test the trendline. So this means that from the bigger time frame the price is still bullish.
Order Flow
Let us see what the commercial traders and hedge funds are doing. From that we can see that they're shorting the dollar and shorting the dollar makes euro strong. Net position moving from 20,697 to 372.
Trading Plan
Patiently wait for the price to come to the support level and then looks for a buying setup on the lower time frame.
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
Order Flow
Let us see what the commercial traders and hedge funds are doing. From that we can see that they're shorting the dollar and shorting the dollar makes euro strong. Net position moving from 20,697 to 372.
Trading Plan
Patiently wait for the price to come to the support level and then looks for a buying setup on the lower time frame.
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you