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Friday, July 09, 2021

EURUSD change in direction?

EURUSD change in direction?

The past 2 weeks we have seen moves to the downside in EURUSD as the USD saw a lot of strength, we was able to catch a quick in quick out on this but now it seems that we have had contact with a daily uptrend. we can see the initial reaction and i have highlighted the previous 2 touches at this trend line . so knowing this we are going to prepare for quick in quick out on this pair, if price can break the 4h area of sell pressure, we see exhaustion and then a re injection of buy pressure we will be looking to place a trade to our next level of sensitivity which is our weekly zone. this will most likely happen next week as we know Friday is the lowest volume day for the forex market. if you would like to learn how to analyse the charts like us and join our community then you can visit our website

from TradingView Ideas
via gqrds

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