Hello Traders!,
We have some mid-week analysis with EUR/USD pair, bullish powers has seemed to be put to a stop after reaching the 1.4000 level. Although this could be temporary or a bearish reversal could occur. Lets see how this pari could possibly work out by the end of the week.
What Is The Market Telling Us?
We have some mid-week analysis with EUR/USD pair, bullish powers has seemed to be put to a stop after reaching the 1.4000 level. Although this could be temporary or a bearish reversal could occur. Lets see how this pari could possibly work out by the end of the week.
What Is The Market Telling Us?
- There is exhaustion of bullish sentiment Daily timeframe after price reached 1.4000 level, indicating possibly sell off
- Price has bounce off key level 1.2300 for the 4th time, after a small fakeout, also giving us signs of bullish momentum on the smaller timeframe
- We will wait to see how price will
- If we are looking to go LONG, we will look for BUYS once price has reach 1.2600
- If we are looking to go SHORT, we will ook for SELLS upon a clear break & pullback on our key level