EURUSD - No reaction of buyers at wVAL mentioned in my last post. Market created second day of b shape profile signaling liquidation of old long positions.
Now I am waiting for new initiative in the market since it could provide clues about next move. If price breaks below 1,3490 door is open to further downside move. If buyers initiate new longs I would expect move at least into 1,3590 and I do not rule out test of last weeks high.
Now I am waiting for new initiative in the market since it could provide clues about next move. If price breaks below 1,3490 door is open to further downside move. If buyers initiate new longs I would expect move at least into 1,3590 and I do not rule out test of last weeks high.