EURUSD H1 analysis
Like we said yesterday, the downtrend on EURUSD is still valid and the best trading opportunities will appear as soon as price confirms another downside push.
However, it is still early to enter short and expect to see a breakout of the previous low.
We are now waiting for the pullback to continue and trick us a few more times.
That's why we should reduce the amount of trades and position size before we see a clear setup.
We could potentially see a drop to around 0,9750 and then another push higher maybe taking price above the parity level.
However, it is still early to enter short and expect to see a breakout of the previous low.
We are now waiting for the pullback to continue and trick us a few more times.
That's why we should reduce the amount of trades and position size before we see a clear setup.
We could potentially see a drop to around 0,9750 and then another push higher maybe taking price above the parity level.
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