Yesterday we saw sharp reversal on EURUSD and it's quite important to see how this move will continue.
If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only.
However, we're still in a bullish trend and there is a chance for another upside leg taking price a little higher than the 1,1850 level.
Once price gets up there we would then be looking for a possible exhaustion and reversal.
If we see a break below previous low then we would consider that the upside direction is coming to an end, therefore we will be looking for selling opportunities only.
However, we're still in a bullish trend and there is a chance for another upside leg taking price a little higher than the 1,1850 level.
Once price gets up there we would then be looking for a possible exhaustion and reversal.
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