Price is likely to test monthly S4 where we usually see a rejection midway to S5.
8 VWMA is likely to be tested too. So the bullish move is not over yet.
I would short upon the S4/daily 8 VWMA retest. Right now EURUSD sentiment is nearly 50/50, not good for trading - www.myfxbook.com/com...unity/outlook/EURUSD Overwhelmingly long sentiment means look for shorts and vice versa. Current bullish move seems to be ECB driven, hence I stayed away from going against it.
8 VWMA is likely to be tested too. So the bullish move is not over yet.
I would short upon the S4/daily 8 VWMA retest. Right now EURUSD sentiment is nearly 50/50, not good for trading - www.myfxbook.com/com...unity/outlook/EURUSD Overwhelmingly long sentiment means look for shorts and vice versa. Current bullish move seems to be ECB driven, hence I stayed away from going against it.