The Draw on liquidity of EURUSD is on Buyside liquidity, however since it's friday, there's a possibility for the closing price to validate a market structure shift pointing to Sellside liquidity
Time Frame: 4H
Symbol: EURUSD
Bias: Neutral
EURUSD is in a critical position . There is a high probability of moving up but we are still not sure about its path.
The euro is showing little movement on Wednesday. In the North American session, EUR/USD is trading at 1.2005, down 0.06% on the day.
Business activity across the eurozone remains weak, as reflected by eurozone Services PMIs for April, which were released earlier on Wednesday. The German, eurozone and French releases were all close to the 50.0 level, which...
EURUSD is bearish trend and hourly now breakout the structure. The market probably choose the direction to downside.
Now we consider to SELL and the stop loss put the above of the highest price of the last bearish candles.
Be Patient and Relax!
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Enjoy the trading itself, and you will be much better at it!
Thank you. This is TraderPig.
Charts change. But as the days roll on, EURUSD looks to be forming a Head and Shoulders pattern. The descending neckline implies a fast drop to my first target, the 1.07 area, with a measured move down at 1.03.
The volume profile is inconclusive at this point.
Time is running out to mount a sustainable rally and overturn the bearish picture, and with EUR...
As we can see EURUSD has now broken the ascending trendline. Price is currently testing the resistance zone and i belive it has the potential to make a downside contiuation. I will be looking for bearish corrective structure to confirm the down move.
