Hi Guys,
A quick little summary of where I am at with Eu. Even though there are signs that down momentum is slowing. I am still not seeing a daily higher high for this week, in fact we have a new lower low for the week and a lower high from yesterday. I do not want to sell at these levels either, because a reversal could be quick and swift. Take note that this perspective is from a short to medium term trading strategy only, scalping would offer different opportunities. I like 1.09975 ish as a possible area for a bounce, nevertheless will have to see how price unfolds.
I wait patiently at this stage.
Have a great week.
Cheers.
A quick little summary of where I am at with Eu. Even though there are signs that down momentum is slowing. I am still not seeing a daily higher high for this week, in fact we have a new lower low for the week and a lower high from yesterday. I do not want to sell at these levels either, because a reversal could be quick and swift. Take note that this perspective is from a short to medium term trading strategy only, scalping would offer different opportunities. I like 1.09975 ish as a possible area for a bounce, nevertheless will have to see how price unfolds.
I wait patiently at this stage.
Have a great week.
Cheers.
Trade to trade another day
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