..but there isn't strong enough rationale for my liking, to start shifting my entire bias even to a cautious bullish (meaning taking Long signals but with an extremely small position). The federal reserve did cut their interest rates but I still believe there is still a divergent monetary policy between ECB and Federal Reserve. ECB is in QE, Fed Reserve is not. ECB interest rate is lower than the Fed Reserve.
Technically, though there is indeed a sign that price probably could start going up, but I have seen this kind of move before only the support levels to be broken.
I am at least shifting my bias from strong bearish EURUSD into weak bearish EURUSD (meaning I will take short trades with half of my usual risk per trade).
I will look for bull traps/liquidity pool tapping at the levels I have marked on the chart.
There is no risk event for the U.S and Eurozone for Monday
Technically, though there is indeed a sign that price probably could start going up, but I have seen this kind of move before only the support levels to be broken.
I am at least shifting my bias from strong bearish EURUSD into weak bearish EURUSD (meaning I will take short trades with half of my usual risk per trade).
I will look for bull traps/liquidity pool tapping at the levels I have marked on the chart.
There is no risk event for the U.S and Eurozone for Monday