I was bearish EURUSD yesterday and it played out perfectly. EURUSD just based at the PZ especially because Europe was away; but once US came in, EURUSD began the down move and a sell down of almost 65 pips. It even broke the strong level given and moved to the level below, just short of my final target, another 20 pips down.
What's for today? It is always tricky on the next move after a trend down day. Price action is bearish thus continue to look for shorts. IMO possible scenarios would be, EURUSD re-test PZ, at 1.0754 or 1.0766 then move down to 1.0716 then 1.0690. Another possibility of EURUSD just move down from here to the triple support at 1.0716. In that case, could look for a good long for a reasonable bounce at least, IMO.
What's for today? It is always tricky on the next move after a trend down day. Price action is bearish thus continue to look for shorts. IMO possible scenarios would be, EURUSD re-test PZ, at 1.0754 or 1.0766 then move down to 1.0716 then 1.0690. Another possibility of EURUSD just move down from here to the triple support at 1.0716. In that case, could look for a good long for a reasonable bounce at least, IMO.
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