And they're off?
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DislikedOkay, so I just got home after a 5 hour trip, I will post a few notes on EU and will elaborate further on them tomorrow morning. A few things, though - I base my weekly analysis on the daily and H4 charts. I note key levels and keep in mind the longer term trend. Since price action is fractal, there are trends within the trend. The weekly charts showcase a rangebound/consolidating market, I'd say the euro is capped to the upside at the 1.15 mark, I will therefore denote 1.1460 as a supply area, the pair coming down from being overbought. With that...Ignored
DislikedWith a bearish bias in mind, I'll be looking to short cable from 1.3120 or higher, right above the last few days' highs. This time flat on euro purposely, because it is close to the 1.1120 level I called. I will only short it if it shows willingness to break below. {image}Ignored
DislikedI am coming off my initial weekly bearish bias. EURUSD has hit 1.11268, which is an area of demand (bullish orders inside the area). I expect Fiber may rally a little tomorrow. {image}Ignored