EURUSD too slow today

4 במאי 2020

Since EURUSD is moving slower than frozen molasses... I am going with another pair that is being studied. EURJPY is showing signs of continuing the short trend. Since we hit a rather high % on the fibonacci and still have not yet shown signs of breaking structure (according to a H4 analysis) EURJPY is assumed to continue the downtrend... but hitting such a high Fib PRZ this one is going to be a slow burn... got the order on and able to study other pairs while it works the magic. No news is forecasted for either currency today, so I am more confident in this assumption