or the EURUSD, it all depends on 1.3670 resistance from here. Prices have in fact held at the low of the recent daily pin bar from the June 5th, and are trying to creep back up to 1.3670. We could see prices either terminate at that 1.3670 resistance or slice through and push higher. There could be a selling opportunity at 1.3660-70 resistance area, with tight risk. Right now, it’s ‘hurry up and wait mode’ with a possible short from near 1.3660-70 area pending a price action sell signal. However, a close above that level would change the bias to positive and then we could look to buy the dips once the trend change is confirmed.
Translate to Inglese Show original