EURUSD Potential Long
As EURUSD stalls at the immediate demand level talked about in the previously shared idea, our expectation was to see bullish price action print, which was delivered with Friday closing very bullish. While this was expected, it does not appear the buy move is ready as there are still some bears lingering in this market.
With this in mind, my anticipation for this week is to see the Fiber trade above last Thursday's high (1.0874) where we have sell-stops sitting in the interim. Clearing this liquidity should be sufficient in seeing price roll deeper into that demand where we expect to see the bulls take charge for a bit, 1.0808 being the price of interest for buying.
Should price print as predicted, we should have a retracement buy move play into our hands.
See y'all mid-week,GLGT!!
LloydFx
With this in mind, my anticipation for this week is to see the Fiber trade above last Thursday's high (1.0874) where we have sell-stops sitting in the interim. Clearing this liquidity should be sufficient in seeing price roll deeper into that demand where we expect to see the bulls take charge for a bit, 1.0808 being the price of interest for buying.
Should price print as predicted, we should have a retracement buy move play into our hands.
See y'all mid-week,GLGT!!
LloydFx
Note
"...last Thursday's high (1.0874) where we have sell-stops sitting"
*** That should read "buy-stops" sorry.
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