I will be going in looking for buys in London, but first we need to take out the level marked in red to the downside and I will enter below that with half the position and if we dig into the purple level I will take another entry targeting the highs above.
all major pairs are extremely oversold or overbought because of DXY bull run euro usd is extremely over sold and broke a very strong support area
next demand zone is 1.180000 which is daily support oe demand zone and market gonna retest the broken support turned resistance
look for buy opportunity on lower time frame and enter long with your own money management...
Here on the Euro I am expecting a huge bullish increase throughout this first MONTH of the year there may be an intense pull back to trap the incoming and the year end sellers but for the overall directional bias on the Euro Usd I see gains for the Euro over the dollar.
