EURUSD
price continued to come down this week, we rebalanced all the big up move from last month, closed daily structure and with the NFP news we tested the demand that broke structure to the upside on the 14 of november, which coincides with the last CPI data release.
in terms of price action we had thursday closing in green but with a big rejection downwards and friday closing in red but with a big rejection upwards. H4 did change structure to the upside on thursday but was then rejected and pushed price lower. this for me are all sign that bears are losing strength here and bulls are coming in.
theres still a monthly imbalance to close, marked by the blue line, and i expect that to happen on monday along with grabbing fridays low, and i expect CPI data on tuesday to be again lower than expected and push this pair up. should it be higher than expected we would go down.
lets see how this week plays out.
wish everyone a great week and stay strong in the markets!!!
in terms of price action we had thursday closing in green but with a big rejection downwards and friday closing in red but with a big rejection upwards. H4 did change structure to the upside on thursday but was then rejected and pushed price lower. this for me are all sign that bears are losing strength here and bulls are coming in.
theres still a monthly imbalance to close, marked by the blue line, and i expect that to happen on monday along with grabbing fridays low, and i expect CPI data on tuesday to be again lower than expected and push this pair up. should it be higher than expected we would go down.
lets see how this week plays out.
wish everyone a great week and stay strong in the markets!!!
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