Hello! This is a breakdown of what I see for EURUSD to start this week. I will continue to give updates throughout the week but currently, I am looking for the bearishness to continue and at least take out the lows.
On the other hand, we could be reacing in this 4H order block that we are currently in and bullish pressure may be favourable. Currently, I don't see that - but let's see how it plays.
I think if you are going to sell a currency, AUDUSD may be a good option instead of EURUSD.
I am favouring USDCAD or USDJPy for buys currently.
It is NFP week, so I would like to see how price plays out tomorrow to fully commit to a bias.
Cheers
Dilpreet
On the other hand, we could be reacing in this 4H order block that we are currently in and bullish pressure may be favourable. Currently, I don't see that - but let's see how it plays.
I think if you are going to sell a currency, AUDUSD may be a good option instead of EURUSD.
I am favouring USDCAD or USDJPy for buys currently.
It is NFP week, so I would like to see how price plays out tomorrow to fully commit to a bias.
Cheers
Dilpreet