EURUSD is showing some signs of life again, after the major sell-off we have seen in the U.S. dollar on Wednesday, However, most of Wednesday's gains were erased yesterday, in a heavily volatile few sessions.
What I am watching , two possible scenarios:
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What I am watching , two possible scenarios:
- I am expecting another test of 1.1036-1.1113 resistance area, I would look for long signals towards that resistance.
- If we reach there, and I see a bearish candlestick i wouldn't hesitate to short again, for short term targets at 1.0800 and 1.0612.
- A break above 1.1113 resistance will probably confirm a more prolonged upside correction, i would target on that case 1.1440-1.1532 area.
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