Hello traders,
I just wanted to post my view on EUR/USD today's price action. I see very mechanical weak buying today, which is a sign that once that sellers won't need much power to re-establish their larger selling positions and move EUR/USD down. Notice how in X period and buyers came just few ticks of yesterday's high (very mechanical). Don't be surprised if you see some kind of sell-off due to lack for buying power.
The key level for downside is 1.1354 >>>
Best Regards,
Petar
I just wanted to post my view on EUR/USD today's price action. I see very mechanical weak buying today, which is a sign that once that sellers won't need much power to re-establish their larger selling positions and move EUR/USD down. Notice how in X period and buyers came just few ticks of yesterday's high (very mechanical). Don't be surprised if you see some kind of sell-off due to lack for buying power.
The key level for downside is 1.1354 >>>
Best Regards,
Petar
"Buy on fear, sell on greed !!!