The technicals of the daily Eur/Usd chart hint at a larger price move upwards towards the 1.19500-1.20000 level.
the reasoning behind this is the accumulation of long orders which resulted in a spike to 1.17000. This has neutralised buy stops which were residing between 1.15000-1.17000 and gives way to a rise in Eur/Usd to fill the thin downward price movement on the left of market structure.
This analysis goes hand in hand with my SHORT DOLLAR ANALYSIS ALSO
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the reasoning behind this is the accumulation of long orders which resulted in a spike to 1.17000. This has neutralised buy stops which were residing between 1.15000-1.17000 and gives way to a rise in Eur/Usd to fill the thin downward price movement on the left of market structure.
This analysis goes hand in hand with my SHORT DOLLAR ANALYSIS ALSO
Follow me on other social media too to stay up to date! :