EURUSD moved lower as per plan given; I was looking for a rejection off the PZ for a move lower and it did hit PZ and moved down, though only hit the bottom of the PZ. And it hit the level below perfectly before bouncing to close near the mid point.
Looking at the daily candle, we see bearish candle but with long lower wicks, indicating that market is looking to bottom.
Still staying bearish today but I would expect a bounce to come. 1.0799 was the target I gave previously and we have yet trade to this level. Thus could get the bounce from the level if hit today.
EURUSD opened and sold down nicely from PZ to the level but last hour candle is bullish, indicating a possible near term bottom. Thus looking for EURUSD to re-test PZ, find rejection and sell down to 1.0799 where it would likely bounce.
If it breaks, next level below would be 1.0785.
Looking at the daily candle, we see bearish candle but with long lower wicks, indicating that market is looking to bottom.
Still staying bearish today but I would expect a bounce to come. 1.0799 was the target I gave previously and we have yet trade to this level. Thus could get the bounce from the level if hit today.
EURUSD opened and sold down nicely from PZ to the level but last hour candle is bullish, indicating a possible near term bottom. Thus looking for EURUSD to re-test PZ, find rejection and sell down to 1.0799 where it would likely bounce.
If it breaks, next level below would be 1.0785.
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