Week 38: EURUSD - Looking at short
I'm seeing some form of rejection at 1.21 level. Also with the bearish candle having larger spread, I will be looking for a low risk counter trend short if price can reach there.
Note
Nice sell down. Price now at POC level but look like bear strength is strong at the moment. Once price reaches 1.15-1.166 level, that is where i will wait for a bullish signal to look for a long as overall trend is still bullish. As long as 1.148 is not broken, bull have a chance of fighting back.
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