Hello,
EURUSD Moved down towards the low two from two USD session ago, however as much as sellers are trying to push through it would appear they cannot. However, buyers have not reacted violently to this level of support being tested.
My bias is for a buy just due to news events which have rolled out so far. Taking a look at different currencies matched with USD it would appear that NZD CHF and JPY are currencies which lack power.
if there news events match the momentum then i will look for a possible entry.
After a range sellers on EURUSD were able to break through support but this breach is very minimal. It is possible this could be a fakeout since fundamentals don't absolutely match.
Alert set for the 1.16050's to reassess.
Cheers,
EURUSD Moved down towards the low two from two USD session ago, however as much as sellers are trying to push through it would appear they cannot. However, buyers have not reacted violently to this level of support being tested.
My bias is for a buy just due to news events which have rolled out so far. Taking a look at different currencies matched with USD it would appear that NZD CHF and JPY are currencies which lack power.
if there news events match the momentum then i will look for a possible entry.
After a range sellers on EURUSD were able to break through support but this breach is very minimal. It is possible this could be a fakeout since fundamentals don't absolutely match.
Alert set for the 1.16050's to reassess.
Cheers,