Direction is up - bouncing up on strong S/R {image} - indicators show further up potential {image} - triangle potential 1.065 {image} - unclear USDX (bull flag???), but we have a (exhaustion?) gap on 10yr bonds {image} {image}
most likely we will see some resistance again in these areas (1.0625-1.0645). For tomorrow, I'll buy every dip that it goes while news is releasing why? Market most likely grab liquidity which can happened around 1.0560-1.0520 and then move up again but sharper and stronger. Look at the chart below, how many times market tried to show us a support, but what it actually did was grab the liquidity and turned back up and down. This might fool the retails to think we are ready to go once one of these areas breaks. Actually, liquidity has been grabbed...
{quote} Indeed, pullback could be deeper than 1.06. For now I don't believe in 1.08, but I think majority of retail traders should be net short in order to long trend to continue. Trend changes when everyone thinks (including analytics from brokers) scenario for EUR could only be worse. Alternative scenario: at 1.06700 we get bearish flag, but I don't like to make long predictions, because they could be very inaccurate.{image}
