As mentioned last week, EURUSD has failed to complete compression which leads me to believe we will see further downside into the monthly low.
I am unsure whether the spike up on Friday to take trailing stop liquidity will give the market enough fuel to sell OR will we see a push into 1.06500 before sellers grip hold of the market.
I don't expect much from the London session, just consolidation due to less market being less liquid but the New York session should provide some movement with the news.
All the best with this one, I will keep you all updated throughout the day.
I am unsure whether the spike up on Friday to take trailing stop liquidity will give the market enough fuel to sell OR will we see a push into 1.06500 before sellers grip hold of the market.
I don't expect much from the London session, just consolidation due to less market being less liquid but the New York session should provide some movement with the news.
All the best with this one, I will keep you all updated throughout the day.
