Looking to go Short on EU today
EURUSD has been trading in a range this whole week between the Sunday open and the low hit by London Close on Tuesday.
I can't imagine a run above and price is sitting in a short term premium zone and the DXY looks like it might be taking an upturn.
The news move from the ECB and NFP announcements last week still needs to be corrected or retraced.
Longer term bullish indicators are also showing signs of weakening.
If price runs on short term highs in the London session today, then this should be a clear run on liquidity, kicking out early sellers and trapping late buyers.
Looking to short around the previous week high of 1.14840 targeting the demand zone created by the news last week.
#DISCLAIMER#
This is not trading advice, I am not qualified to give trading advice. These ideas are based on how I take trades, based on mid to long term technicals only.
I can't imagine a run above and price is sitting in a short term premium zone and the DXY looks like it might be taking an upturn.
The news move from the ECB and NFP announcements last week still needs to be corrected or retraced.
Longer term bullish indicators are also showing signs of weakening.
If price runs on short term highs in the London session today, then this should be a clear run on liquidity, kicking out early sellers and trapping late buyers.
Looking to short around the previous week high of 1.14840 targeting the demand zone created by the news last week.
#DISCLAIMER#
This is not trading advice, I am not qualified to give trading advice. These ideas are based on how I take trades, based on mid to long term technicals only.
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