#EURUSD - Day Trading Setup 6th Oct 2020

Good Day Traders!

EURUSD is on its way back into the rotation.

The POC of the rotation lies at 1.1833 which is a short term short signal.

Secondly, there is a VPOC at 1.1858 which is a short term short signal as well.

For me, these two points are interesting turn around opportunities to trade.

The EURUSD is moving upwards with lower volumes. This might be according to the Chinese National Day Holidays.

A rising market with lower volumes signifies only a rebound in a trend and not a turnaround.

Let's see what the day will bring to us!

Regards from Germany,

Robert