If you are tracking the EURUSD this week, you may be seeing a technically bullish pair; at least the EUR is technically stronger than the USD at the moment. But there is need to be wary of the market mood and the location of price action. You may want to ask: How bullish is 'bullish?' Basically, realize that price action on the EURUSD is operating in a strong resistance zone and the intra-day chart (H4) shows price action contained in a symmetrical triangle. It is important to wait for clarity of price action in the first 1-2 days of trading this week.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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