EURUSD Neutral Idea
This pair is extremely bearish on all significant timeframes and is in a steep bearish weekly channel.
Currently price action is in a high risk area so we want to wait this one out and see if we can get a better entry opportunity.
Look for price action to reach the 1.10000 level in which case we will look for either a break or bounce.
If we see a bounce from 1.10000 look for strong bearish setups and confirmations to then enter short on. Look to target lower toward our monthly support around 1.06000
If we see a break to the upside look for a break and retest of 1.10000 followed by strong bullish setups. Look to target higher toward 1.15000
This pair is extremely bearish on all significant timeframes and is in a steep bearish weekly channel.
Currently price action is in a high risk area so we want to wait this one out and see if we can get a better entry opportunity.
Look for price action to reach the 1.10000 level in which case we will look for either a break or bounce.
If we see a bounce from 1.10000 look for strong bearish setups and confirmations to then enter short on. Look to target lower toward our monthly support around 1.06000
If we see a break to the upside look for a break and retest of 1.10000 followed by strong bullish setups. Look to target higher toward 1.15000