If you are tracking the EURUSD this week, consider this technical perspective from a swing trader. The EURUSD market operation is bearish. On the daily time frame, price action entered a horizontal support area around 1.12840 (green) last week Wednesday and went sideways. The long bottom wick on Friday’s bearish candlestick indicates that bulls are still in contention. Technically, this may mean a northward pullback to an area of value for liquidity grab before a southward rotation.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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