ð EURUSD: Closed above the balance of the week.
ð The hedge resistance zone premium level (1.2227), which we wrote about in yesterday's review, was successfully tested over the past day, causing a slight downward correction before the close of trading on Monday.
Due to the close of the trading day above the balance level of the week (1.2195), we expect an increase during the current trading day.
In case of successful test of the balance level of the day (1.2214), we expect further rise with the nearest landmark, the limit seller (1.2241).
âïļ In case of breakdown and fixation below the balance of the day (1.2214) we expect decrease to the limit buyer (1.2183).
In turn, a successful test of the limit buyer level (1.2183) will give an opportunity to profitably open medium-term bullish positions with the target,-marketmaker loss level (1.2265).
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Due to the close of the trading day above the balance level of the week (1.2195), we expect an increase during the current trading day.
In case of successful test of the balance level of the day (1.2214), we expect further rise with the nearest landmark, the limit seller (1.2241).
âïļ In case of breakdown and fixation below the balance of the day (1.2214) we expect decrease to the limit buyer (1.2183).
In turn, a successful test of the limit buyer level (1.2183) will give an opportunity to profitably open medium-term bullish positions with the target,-marketmaker loss level (1.2265).
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