EURUSD: More Risk to take Position now!
We can not rule out a additional decline before a "potential" rebound. The first eurusd support, is around 1.0885 (very close to 1.08, an area full of stop loss), and on the short side, we can not take a position now on these levels becouse we see the risk being long dollars ahead of next week's Fed meeting.
Well, how can we handle this situation? We think the right way is to wait a reversal pattern before taking a position (probably, If many retail will take long position from these levels, more the price will drop in short-term).
Monday, will be released the German IFO data, and eurusd could give us some indication. If the data is negative, we will evaluate the supports, if the data will be positive, and eurusd will rise, we will wait a pullback for to take long position. We have to wait only a few hours ... :)
1.1010: The key level
...Do you remember this our Analysis?
(Click and Play)
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SignalSuisse
nonsolotrading.com
Well, how can we handle this situation? We think the right way is to wait a reversal pattern before taking a position (probably, If many retail will take long position from these levels, more the price will drop in short-term).
Monday, will be released the German IFO data, and eurusd could give us some indication. If the data is negative, we will evaluate the supports, if the data will be positive, and eurusd will rise, we will wait a pullback for to take long position. We have to wait only a few hours ... :)
1.1010: The key level
...Do you remember this our Analysis?
(Click and Play)
We appreciate your interest in our analysis, if you agree (or not) with our work, and would like to continue reading our opinions, be part of it with your "I Like"... Thanks you!
SignalSuisse
nonsolotrading.com
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