Looking to see EURUSD rebalcne the price action from yesterdays USD CPI news event. Will be closely watching price action when it gets close to the .618 fib
Took a buy here, on the way up to the equal highs.
Nice buy off the 0.71 after clearing up inner range liquidity. Targeting the equal highs from yesterday.
Looking for price to come to the punch candle and reverse down to the equal lows.
Took GU on the US open for FX pairs. Targeting the equal highs above. Lets see what happens.
Looking for USDCAD to bounce off the 0.71 fib area, and run back up to sweep the liquidy up around the 1.26200 area.
Euro has been weak for a while especially in the face of the continued US Dollar strength that has been showing, even as more dollars are about to be put into circulation with stimulus checks coming out. We saw a lot of balanced price action on the way down from 1.20. There are some tasty equal highs at the 1.19500 level that we could see price come back to if...