New Week and can bears maintain? ðEurusd
Hi Welcome back traders
0:0 Alot of Fundamental news this week
1:01 Weekly Timeframe and Interest rates idea
4:09 Daily timeframe
7:17 Sells from 1.12318 Daily resistance zone last week
7:37 4hr Timeframe
The previous weekly candle closed bearish with a larger top wick. The bottom wick printed only 15 pips and this may cause a concern for exhaustion. I'm anticipating a further pullback on eurusd as we head into interest rates for the dollar on wednesday. We technically still have bullish momentum and market strucutre on higher timeframes for Eurusd. I'm expecting Interest rates to be a catalyst for.. Eurusd upside momentum. In the meantime price may consolidate/range and even pullback a bit closer to our 1.1056 Daily Support zone.
0:0 Alot of Fundamental news this week
1:01 Weekly Timeframe and Interest rates idea
4:09 Daily timeframe
7:17 Sells from 1.12318 Daily resistance zone last week
7:37 4hr Timeframe
The previous weekly candle closed bearish with a larger top wick. The bottom wick printed only 15 pips and this may cause a concern for exhaustion. I'm anticipating a further pullback on eurusd as we head into interest rates for the dollar on wednesday. We technically still have bullish momentum and market strucutre on higher timeframes for Eurusd. I'm expecting Interest rates to be a catalyst for.. Eurusd upside momentum. In the meantime price may consolidate/range and even pullback a bit closer to our 1.1056 Daily Support zone.
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We pulled back towards 1.1056 as anticipated and called out. Was expecting a pullback like this prior to interest rates on wednesday for the USD. Price reached 1.10566. We may range here until interest rates. don't anticpate much until then
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