Has the euro-dollar erased the 50 pip room for some longs?
The 1H charts have been under the 21 EMA all night.
At 0700 EST, the hour chart signaled a push for 1.13358 (zone).
While the 4H chart has been above the 21 EMA all night but in a short status. (This is the trend chart)
The current Heikin Ashi bar (on the 4H) is appearing to prepare to close below the 21 EMA which will solidify this short sale, re-establishing the price decline in EURUSD.
The 4H Renko is teasing an new red block, while during the night it hadn't offered insight into either direction.
Be watchful for the trend change.
At 0700 EST, the hour chart signaled a push for 1.13358 (zone).
While the 4H chart has been above the 21 EMA all night but in a short status. (This is the trend chart)
The current Heikin Ashi bar (on the 4H) is appearing to prepare to close below the 21 EMA which will solidify this short sale, re-establishing the price decline in EURUSD.
The 4H Renko is teasing an new red block, while during the night it hadn't offered insight into either direction.
Be watchful for the trend change.