Going forward, I'm expecting a bit of choppy price action with a bearish sentiment on $EURUSD.
We'll start seeing that energetic dump towards the end of this week and for most of next week towards 1.07331 and 1.06313.
I outlined in my previous post that we would see a minor bullish pump up to the BSL to clear late shorts and I jumped on the ride. It's safe to say we've successfully accomplished that objective.
Again, I don't expect price to go above Monday's high, so I'm keeping my eyes peeled for the real short. Stay safe.
Since Monday's price action ran into an old weekly high. On the daily, we closed bearish and Tuesday's price action closed bearish as well. I'm expecting a minor bullish move to clear late shorts after which we will dump way lower into the 1.02 levels. I do not expect the bullish move to run up to Monday's high. It's a minor move, just aiming to clear late shorts.
On the EURUSD, there's s break in the market structure that indicates the bullish move into the monthly POI is over. Bears are about to resume. Long term target is the monthly low below 0.98.
