EURUSD Struggling 1.05860. Previous Key level.
Updated
We can observe that price is pulling back after fed speech caused us to fall off a cliff. This was expected. A Bullish Argument would be buy Daily Support as we reject 1.05428 and NFP data tomorrow will catapult us back up to 1.0646. My bias remains bearish because of the weekly timeframe. Price has corrected 40% of the move on Tuesday. If that is a deep enough retracement or not idk. What matters for me as a trader is good RR Ideas and operating off key levels.
Comment
Comment
Bullish Scenario Played out Which was described in the Description . NFP data taking us back up to 1.0646
Comment
We could potentially keep pushing to next zone Daily level 1.0686
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.