Fundamentally the EUR is looking weak following the ECB announcement and issues with inflation.
On a technical point of view I am seeing a slight fall with a major recovery to 1.14+
We are completing a triple three structure which poses to offer long opportunities.
Yellow projection: Our preferred sequence to reconcile the November 13 to November 20 advance.
Teal projection: Second scenario is this keeps on falling to follow there higher time frame structure.
The risk: Try not to keep a tight stop regardless if taking the long or short, this type of market deserves lenient risk.
Instagram: www.instagram.com/tradersmission
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.
Twitter: twitter.com/TradersMission
The information provided by Traders Mission is for educational purposes only. All information is provided in good faith and is not financial advice.