Euro / U.S. Dollar
Long

EURUSD : Where and When

The chart above refers.

Again, I would remind you that the lines are NOT trendlines.

Now the price is at a critical juncture. Knowing WHERE and WHEN to wait is going to be very profitable here.

I think you should know what to do.

Know that bond yield is still high and not falling. The same goes for Oil.

Again, buy when the price is LOW. To sell now is already too LATE.

Good luck.
Note
It is still a BUY trade.
Why? Because bond yield says so. I wish I could show you the chart.

I would NOT sell.

Which leave us to ask what happened. If you ask me, its a trap.
I already bought on the rebound.

Good luck.
Note
I think most likely it was a liquidity grab.

A lot of BUYERS with SL just below 1.0448

The price is rising again.

Good luck.

Disclaimer