According to our forexpower calculation We should be looking to shor EURUSD in the short term.
Currently the EU is at a descition point eaither to break down och bounce up and then backdown.
watch price closely if it breaks the Demand zone(green) then we could have continuation on the friday south movement.
But beeing Monday and most major EURO banks beeing closed, a bounce back up to the supply zone is also very possible, we have to watch and see. But I expect very low volatility on Monday EURO session.
I'm waiting for one of the two setups described above to go SHORT.
Currently the EU is at a descition point eaither to break down och bounce up and then backdown.
watch price closely if it breaks the Demand zone(green) then we could have continuation on the friday south movement.
But beeing Monday and most major EURO banks beeing closed, a bounce back up to the supply zone is also very possible, we have to watch and see. But I expect very low volatility on Monday EURO session.
I'm waiting for one of the two setups described above to go SHORT.