(Weekly) candle closure was a bullish
engulf leaving a large wick. From my experience backtesting I have found that usually these wicks tend to get filled, that is why I haven’t pursued any shorting opportunities as of yet. The 1.10000 Level is being respected highly with several previous wick rejections, bear this level in mind if you are looking to trade the EURUSD
(Daily) - As you can see, we are still caught in a range with price bouncing back and forth from support and resistance
(4HR) - I will be monitoring this pair next week expecting pullbacks to at least the 0.5% Fib Level, if we get nice rejections from here then I may be looking to enter the market with a sell position. But I need to bear in mind the weekly candlestick
closure and monitor price action.