EURUSD traded in a fairly small range from Monday to Thursday and on Friday evening, price decided to make new lows and with that, a lot of longs, who were trading the gap, were taken out.
Weekly chart looks extremely bearish but also over-extended, hence some kind of correction is most likey behind the corner.
Areas that I'm interested in are around 1.30 andI'm hoping that ECB press conference on Thursday will help us to get there.
Weekly chart looks extremely bearish but also over-extended, hence some kind of correction is most likey behind the corner.
Areas that I'm interested in are around 1.30 andI'm hoping that ECB press conference on Thursday will help us to get there.