Before i start, i would like to mention i use MM psychology often in my trading style. With everyone on edge for a bearish EUR and bullish USD, waiting for more confirmation, we can expect fake outs to happen by mixed signals. im expecting EUR/USD to make a final bullish run to psych out traders.
As i write this article, EURUSD is making a falling wedge. i expect it to break low to capture sellers before making a final 100+ pip long push to recent highs.
IF we do not see price break above OR meet todays open price by Tuesday NYC Close, i would consider this write up invaild and watch for more bearish signals.
IF price does in fact break or meet Tuesdays open, i would be looking to short around Key Resistance 1.2500 with wicks to the top side, and bearish movement into week close.
Possible Bullish Divergence into Tuesday if predictions follow through.
Happy Trading!
As i write this article, EURUSD is making a falling wedge. i expect it to break low to capture sellers before making a final 100+ pip long push to recent highs.
IF we do not see price break above OR meet todays open price by Tuesday NYC Close, i would consider this write up invaild and watch for more bearish signals.
IF price does in fact break or meet Tuesdays open, i would be looking to short around Key Resistance 1.2500 with wicks to the top side, and bearish movement into week close.
Possible Bullish Divergence into Tuesday if predictions follow through.
Happy Trading!
