#EURUSD 02012024
On Friday, I was looking for a move higher to the strong resistance before a down move but instead, market was sideways before it moved down further.
Monthly price action is bullish, while weekly price action is neutral and indicating a possible turn, while daily is slightly bearish. Daily trend is still up though.
Likely price would want to go down further before a turn and thus I would look at 1.1021, near the bottom of the BZ for a possible dip and rally (BZ to save the day again) to 1.1061. A close above 1.1061 will likely be followed by a move higher tomorrow, with 1.1115 as next target.
Monthly price action is bullish, while weekly price action is neutral and indicating a possible turn, while daily is slightly bearish. Daily trend is still up though.
Likely price would want to go down further before a turn and thus I would look at 1.1021, near the bottom of the BZ for a possible dip and rally (BZ to save the day again) to 1.1061. A close above 1.1061 will likely be followed by a move higher tomorrow, with 1.1115 as next target.
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