Regarding the EUR/USD pair, our swing trade attempt from the previous daily fractal high didn't succeed, and we observed a downward movement. Looking at the Fibonacci range, we find ourselves at the upper end of the range. We're in a bullish momentum unless there's a shift to the downside. Additionally, we've noticed a significant concentration of stops above our current price levels. It's essential to be aware of these levels, although we can never predict the exact targets of market makers. A logical approach might be to wait for a price decline before considering new trades. These are the technical insights for today. Let's see how the day unfolds.
Daniel P. Fadejev