Looking for a short from 1.19180 region - BUT lets see how price reacts when it gets to this zone (wait for downward momentum before shorting!)
Confluences;
Technical;
Strong area of Resistance
Momentum lagging
Price is ranging
Fundamental;
EU Covid figures began to show a flattening curve (virus shows no signs of slowing in USA)
Risks;
Acceptance of Biden may calm the market and give strength to USD
USD held above EMAs
Confluences;
Technical;
Strong area of Resistance
Momentum lagging
Price is ranging
Fundamental;
EU Covid figures began to show a flattening curve (virus shows no signs of slowing in USA)
Risks;
Acceptance of Biden may calm the market and give strength to USD
USD held above EMAs
Comment:
Revised entry 1.19375 region