#EURUSD - 27 March
EURUSD plan worked rather well yesterday. Sell level at 1.0855 given and it reacted well and sold down 25 pips to new lows. I did consider a break above 1.0855 to possibly see further upside but my bias is to the downside possibility and it worked out well.
Bearish Tuesday indicating further downside but bullish Monday indicating support. I am of the opinion of the move lower. Overall, IMO as long as 1.0851 holds (but IMO max pullback is to 1.0845) look for further downside to 1.07995 double support.
Could bounce from there while whole structure is kept intact. A close below this level is bearish for further downside.
Bearish Tuesday indicating further downside but bullish Monday indicating support. I am of the opinion of the move lower. Overall, IMO as long as 1.0851 holds (but IMO max pullback is to 1.0845) look for further downside to 1.07995 double support.
Could bounce from there while whole structure is kept intact. A close below this level is bearish for further downside.
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