EUR/USD SELL then BUY

25 Jan 2023

EUR/USD market looking like a short-term bearish trade Tp@1.08325 then expect market to gain traction and become bullish pushing price to around tp3@1.10066. Economic sentiment confirming both trade ideas, currently EU500 is in a bearish state after successfully reaching its daily TP@1479.316, this is a perfect sell spot making way to the 4HR High-low (50% retracement) Tp@1.08325. from analyzing the indexes i am expecting bearish markets in some of the most impactful sectors after the USD RALLY which will cause EUR to turn and burn after the bearish market and rise to around tp3@1.10066.

26 Jan 2023

Nota

retracement may only go to daily high @1.08959 or the 38% retracement @1.08754

26 Jan 2023

Nota

First part is done retracement reached its TP as expected

27 Jan 2023

Nota

I am betting on good numbers for EUR @ 4am if all is well the buy side of this trade will be entered.

27 Jan 2023

Nota

no good will come back @ 0730AM