Hello Traders,
today we want to share with you the
EURUSD
as it currently flirts with our decisive zone. As we taking a look at the previous movements towards our reaction point, which is characterized by a clear momentum driven upwards sequence, we now need to be cautious about current continuation.
If we take a look at our inter-market indications, it shows that we are currently heading towards lower outflow levels. This however indicates interestingly a divergence with current movement as market continued to rise and our outflow basically (besides minor corrections) moved straight upwards after the FED rate decision and Netherlands elections. We currently take the ratio of
EURUSD
vs.
DEU40
,
GOLD
and
EUBUND
. We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices.
If we do not get a momentum driven daily or at least 4-hourly break to the upside, we might see some correction moves around current zone. First heading area will be around 1.077 and then 1.07 or even lower, if market reacts at current zone.
We wish you much success.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
today we want to share with you the
EURUSD
as it currently flirts with our decisive zone. As we taking a look at the previous movements towards our reaction point, which is characterized by a clear momentum driven upwards sequence, we now need to be cautious about current continuation. If we take a look at our inter-market indications, it shows that we are currently heading towards lower outflow levels. This however indicates interestingly a divergence with current movement as market continued to rise and our outflow basically (besides minor corrections) moved straight upwards after the FED rate decision and Netherlands elections. We currently take the ratio of
EURUSD
vs.
DEU40
,
GOLD
and
EUBUND
. We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices. If we do not get a momentum driven daily or at least 4-hourly break to the upside, we might see some correction moves around current zone. First heading area will be around 1.077 and then 1.07 or even lower, if market reacts at current zone.
We wish you much success.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
