Hello,
Looking for a temporary decline on EURUSD today as I am anticipating Dollar to pick up some strength.
Needless to say, I'm unsure of the weekly direction as I need more framework to determine a decision, but after moving away significantly from 1.17702 to 1.17444 as I delineated in my previous post - we are due for some sort of retracement to the downside.
How far can that retracement be? I'm not sure. I'm leaning towards 1.1780 as a reachable and realistic objective. 54.4 points away from current prices, which provides a great window of opportunity to capitalize from.
For now, I am focusing on shorts to 1.1780.
GLGT
Looking for a temporary decline on EURUSD today as I am anticipating Dollar to pick up some strength.
Needless to say, I'm unsure of the weekly direction as I need more framework to determine a decision, but after moving away significantly from 1.17702 to 1.17444 as I delineated in my previous post - we are due for some sort of retracement to the downside.
How far can that retracement be? I'm not sure. I'm leaning towards 1.1780 as a reachable and realistic objective. 54.4 points away from current prices, which provides a great window of opportunity to capitalize from.
For now, I am focusing on shorts to 1.1780.
GLGT
