EURUSD too slow today
Since EURUSD is moving slower than frozen molasses... I am going with another pair that is being studied. EURJPY is showing signs of continuing the short trend. Since we hit a rather high % on the fibonacci and still have not yet shown signs of breaking structure (according to a H4 analysis) EURJPY is assumed to continue the downtrend... but hitting such a high Fib PRZ this one is going to be a slow burn... got the order on and able to study other pairs while it works the magic. No news is forecasted for either currency today, so I am more confident in this assumption
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.