EURUSD: Post Fed's Rate Cut Technicals
Mis à jour
Taking into account the recent Fed's rate cut and other fundamental developments, let's shift our focus to the technicals of EURUSD.
After a strong rejection from a major supply zone (SZ), prices dropped significantly, forming two waves with two extended range candles (ERCs). This downward movement could potentially continue and might even reach the next major demand zone (DZ). However, I would prefer to see a deeper retracement before considering a SELL entry.
As usual, my target is to capture no more than 30 pips, and I’ll look to enter on the M15 time frame, provided a valid entry opportunity arises.
I will also be monitoring GBPUSD as the setups are pretty much similar.
After a strong rejection from a major supply zone (SZ), prices dropped significantly, forming two waves with two extended range candles (ERCs). This downward movement could potentially continue and might even reach the next major demand zone (DZ). However, I would prefer to see a deeper retracement before considering a SELL entry.
As usual, my target is to capture no more than 30 pips, and I’ll look to enter on the M15 time frame, provided a valid entry opportunity arises.
I will also be monitoring GBPUSD as the setups are pretty much similar.
Ordre annulé
Prices went higher and back into the Supply Zone. No M15 trade setup.
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