#EURUSD - 10092024
EURUSD moved perfectly as per plan given; was bearish and that PZ to hold the highs as it trended down 50pips after rejection off 1.1090 strong level and move lower. 1.1023 is my target and we are almost there. DXY is also above the 101.54 target I gave yesterday.
For today, IMO, will be a bit tricky. Price is at previous support, thus could see a bounce from here. But overall, there is nothing bullish about it, until shown otherwise. Thus I would say be cautiously bearish for further downside. Again, I will be looking at PZ to hold any rallies, with a 1.1010 as first target (very nearby TBH) and possibly a next leg down to 1.0960. More inclined to look for longs tomorrow off 1.0960 if this level trades.
For today, IMO, will be a bit tricky. Price is at previous support, thus could see a bounce from here. But overall, there is nothing bullish about it, until shown otherwise. Thus I would say be cautiously bearish for further downside. Again, I will be looking at PZ to hold any rallies, with a 1.1010 as first target (very nearby TBH) and possibly a next leg down to 1.0960. More inclined to look for longs tomorrow off 1.0960 if this level trades.
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