THE EURO has held up better than the AUD against the USD. AUD/USD may be accumulating, and it looks like the EUR/USD has pre-positioning long already.
If there is a move down into the FIB ZONE and strength reveals itself, look for a proper long entry.
If there is a move down into the FIB ZONE and strength reveals itself, look for a proper long entry.
Looking for strength to emerge in fib zone (or anywhere), and see a lack of supply into a mark up
Strength in the fib zone could mark up 70-80 pips back to the start of the retracement, with tests in between. If/when we see strength, I will mark up a few areas to watch for weakness to test.