Here is the analysis for upcoming days.
We are currently sitting close to a strong resistance at 3486-3500. For me its hard to enter long now. Looking at h4 timeframe its screaming for a retracement. So id rather go with retracement and short it close to resistance. Possible targets are 3407 or if its a deeper retracement 3350-3320. Remember that we are bullish so 3300 is major level.
Even if the price retraces to 3350-20 its still bullish and I would gladly place a long there. So I am gonna wait for a sign to enter short and then long it close to levels mentioned above if it goes by the plan. Remember : REACTION!
You can also read this on my Forex Blog.
We are currently sitting close to a strong resistance at 3486-3500. For me its hard to enter long now. Looking at h4 timeframe its screaming for a retracement. So id rather go with retracement and short it close to resistance. Possible targets are 3407 or if its a deeper retracement 3350-3320. Remember that we are bullish so 3300 is major level.
Even if the price retraces to 3350-20 its still bullish and I would gladly place a long there. So I am gonna wait for a sign to enter short and then long it close to levels mentioned above if it goes by the plan. Remember : REACTION!
You can also read this on my Forex Blog.