EURUSD March 30 Weekly Analysis EURUSD March 30 Weekly Analysis
Price parent bias is bull
Previous session Premium
Current trading range Premium
Price pivoted March 19 to seek sell side coming into this week. I suspected that price would seek lower prices gravitating to the 50% of current trading range. Price did lower past the 50 level and dig into the daily BISI to the .618 level and energetically bouncing off. Price made the low closing Wednesdays session. Price retraces starting Thursday and continued Friday to close taking the majority of the weeks buy side.
Was the last 2 weeks of lower price delivery just a liquidity run before continuing with our seasonal bull run?
Waiting for Sundays delivery to give insight before I commit to any ideas, just yet.
Keep focused on session to session for set ups. You know what you need before you will engage.
*Note coming into this week is NFP week a highly volatile week.
*Note prices high resistance delivery Wednesday and Thursday days to be very nimble to read and not speculate.
*Note on the 4 hourly chart how much time price spent weaving in and out of the 50 level.
*Note how after months of consolidating on the 50 level on the weekly chart, March moves away with energetic expansion to the buy side.