EUR/USD likely to fall!
Updated
Hey tradomaniacs,
looks like EUR/USD has just faked out to the upside with a lot of speed and momentum in order to catch liquidity.
Overall correlations do not make sense with this move as yields are not falling while indices are just choppy but bearish.
Orderflow has shown an instant switch from bulls to bears with this "breakout" which is giving evidence for a fakemove.
Be cautious today as market is pretty volatile due to a lack of fundamentals and upcoming holidays in the US.
What do you think?
looks like EUR/USD has just faked out to the upside with a lot of speed and momentum in order to catch liquidity.
Overall correlations do not make sense with this move as yields are not falling while indices are just choppy but bearish.
Orderflow has shown an instant switch from bulls to bears with this "breakout" which is giving evidence for a fakemove.
Be cautious today as market is pretty volatile due to a lack of fundamentals and upcoming holidays in the US.
What do you think?
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