Euro / U.S. DollarUpdated EURUSD Analysis 7:46am EET 08/01/2023
As usual after a quick jog in the morning i jumped on the charts and some pairs got my attention , one of them being FX:EURUSD.
The analysis is simple , we have the yesterdays high as a double top liquidity which most probably will be taken during London Session.
Currently the price is in OTR in a possible flip zone , performed 2 dojis on H1. After the Buy-Side-Liquidity is taken , i don't see the price having enough momentum to continue bullish , taking in consideration a bearish continuation for now.
The analysis is simple , we have the yesterdays high as a double top liquidity which most probably will be taken during London Session.
Currently the price is in OTR in a possible flip zone , performed 2 dojis on H1. After the Buy-Side-Liquidity is taken , i don't see the price having enough momentum to continue bullish , taking in consideration a bearish continuation for now.
Note
Might take a scalp on this , waiting for confirmations.Note
Asia high might also act as liquidity to pull the price up.Trade active
Personally entered a trade at 1.099 after H1 candle closed above the dojis.
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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.