In today's EUR/USD Forecast I am expecting markets to move up or sideways. It appears that the down cycle is complete, but the trend is still down, so I will continue playing the short side of the market. I would like to see the market make a retrace back to the 1.3250 level before I consider taking a trade, and only after I see exhaustion buying volume and the 4 hr. chart becoming overbought.
Unfortunately my time-based indicator is giving me nothing so you'll just need to watch your 4 hr. charts.
Unfortunately my time-based indicator is giving me nothing so you'll just need to watch your 4 hr. charts.