EURUSD The Bias Of The Week
My EURUSD Bias remains bullish on larger pullback continuation.
If I decide to abandon this bias I will post a comment about it below.
Yellow areas represent the buying of eurusd (accumulation).
USD didn't rally much on the recent good news for it, that indicates that there were large players using the downside pressure to buy the eurusd.
USDOLLAR INDEX HAS BROKEN ITS CHANNEL AND SOME FURTHER CORRECTION IS HIGHLY LIKELY
( Althought eurusd is likely to correct further, it may not be the best pair for shorting the usd while the usd correction is taking place. Other pairs that are looking pritty good are usdcad(!), audusd(!!), usdjpy(!), nzdusd(!!!), usdchf(!), gbpusd(depends on the elections)..)
If I decide to abandon this bias I will post a comment about it below.
Yellow areas represent the buying of eurusd (accumulation).
USD didn't rally much on the recent good news for it, that indicates that there were large players using the downside pressure to buy the eurusd.
USDOLLAR INDEX HAS BROKEN ITS CHANNEL AND SOME FURTHER CORRECTION IS HIGHLY LIKELY
( Althought eurusd is likely to correct further, it may not be the best pair for shorting the usd while the usd correction is taking place. Other pairs that are looking pritty good are usdcad(!), audusd(!!), usdjpy(!), nzdusd(!!!), usdchf(!), gbpusd(depends on the elections)..)
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