Monthly Candle Closure Volatility ♠️

29 thg 3

Some banks and Institutions require their execution desks to close positions as the month comes to and end. This sometimes causes wild and irrational choppiness in the price action. Caution as the market closes out the month of March 24'. PCE data is forecasted to decrease which could spark some optimism and a rebound to the upside to end the month. If not, we may very well see a continuation of momentum with safe-haven buying of the USD aka EurUsd heads to the sea floor.
Next target for shorts is weekly level 1.07663 and 1.07451 4hr zone.
0:0 Monthly timeframe
3:42 Weekly timeframe
5:30 Daily timeframe
7:03 4hr timeframe
9:30 1hr timeframe and upcoming news