Consolidating around the EQ of the trading range. Price could very well reach premium arrays before ending the retracement phase. This makes sense when considering FOMC tomorrow.
Price is currently in a W/D1 -FVG. Therefore, I am Bearish. Look at the position of price in the trading range. Reached into Premium last week, then back into Discount a bit. We Open this week with price heading up, in the near term. Looking for the signature for sells. LIKE, COMMENT or SUBSCRIBE if you like and want to see more analysis. Thank you for viewing!
Bearish. Price has raided an old swing low, and then mitigated a +OB. Expecting a bullish reaction in the near term, up to the local lows. The market will resume the bearish trend afterwards. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want...
The pair is trading along an sideways trend. The downtrend may be expected to continue in case the market drops below support level 1.1000. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1500, which will be followed by moving up to resistance level 1.2100.