Algo levels worked perfectly yesterday as both the lows and highs for the day for EURUSD were perfectly given by the levels. Lots of opportunities on both longs and shorts. EURUSD closed with a doji candle which is some sort of indecision.
TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for EURUSD looks toppish now, thus we could get another move down. A break of PZ would be to target the 1.0905 double support level.
If sellers can bring EURUSD below 1.0905, could see further selling to below supports.
TBH yesterday's CPI data is hotter than expected but not a lot; thus market did not really care. But IMO, price action for EURUSD looks toppish now, thus we could get another move down. A break of PZ would be to target the 1.0905 double support level.
If sellers can bring EURUSD below 1.0905, could see further selling to below supports.
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