EURUSD from my point of view,bearish momentum still strong.monthly and weekly is downtrend.how ever form daily perspective trendline is breakout and after that price push higher.new higher high has been created and now price retrace back to support and double bottom has occur.
yesterday candle is close as pinbar.however this pinbar is not in context of market structure and it could be a trap.the price also stuck in range at the middle of high and low of monthly.as for now,the best action is stay aside and watch out and prepare for next plan.my bias for EU is short.for now lets wait and see :)
yesterday candle is close as pinbar.however this pinbar is not in context of market structure and it could be a trap.the price also stuck in range at the middle of high and low of monthly.as for now,the best action is stay aside and watch out and prepare for next plan.my bias for EU is short.for now lets wait and see :)