EURUSD short term higher, long term lower while below 1,1225
Hi,
last Friday we have seen something like outside day and when it happened on 14th of November we had some rally. So I do expect similar in size short term rally towards 1,1080/1100 ( some stop hunt ? ) and then lower at least towards post French election gap.
Base scenario: Looking to sell rallies towards 1,1100 ( would like to see some kind of stop hunt or failure which will determine the stop order ), first target 1,10, second around 1,0800/0750
Short term scenario: watching 1,0995 if holds possible longs with tight stop and 1,1080 as target
Good Luck
last Friday we have seen something like outside day and when it happened on 14th of November we had some rally. So I do expect similar in size short term rally towards 1,1080/1100 ( some stop hunt ? ) and then lower at least towards post French election gap.
Base scenario: Looking to sell rallies towards 1,1100 ( would like to see some kind of stop hunt or failure which will determine the stop order ), first target 1,10, second around 1,0800/0750
Short term scenario: watching 1,0995 if holds possible longs with tight stop and 1,1080 as target
Good Luck