EURUSD market operation is bearish. On the H4 time frame, on Thursday, bearish price action surged to the 1.11320 horizontal support area (green) seen on the daily time frame and turned sideways. A bullish pushback was initiated in the early part of Friday but bears resisted the move. Although we may see further bullish attempt in the early part of the week, perhaps for a pullback to such value area as the 1.12400 horizontal resistance (red), or even the 1.12720/1.12960 bearish order block (blue), technically, bears are favoured to retain market control after any bullish correction.
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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