#EURUSD - 10122024
I called for a move lower for EURUSD yesterday off the PZ. EURUSD came down, rallied higher, nicely to PZ and sold back down to close near the lows for a good 45pips or so.
I will not say that yesterday's price action is bearish. IMO, the thesis which I gave yesterday is still valid, that is, EURUSD is coming down into support. But I am expecting buyers to come in and that could move EURUSD higher. That is a possibility thus while near term price action is bearish, it could find support at one of the levels and move higher.
But for now, I am looking at the PZ to hold for a move lower, with 1.05/512 as the price target, but look out for a possible strong pullback/reversal from this zone.
I will not say that yesterday's price action is bearish. IMO, the thesis which I gave yesterday is still valid, that is, EURUSD is coming down into support. But I am expecting buyers to come in and that could move EURUSD higher. That is a possibility thus while near term price action is bearish, it could find support at one of the levels and move higher.
But for now, I am looking at the PZ to hold for a move lower, with 1.05/512 as the price target, but look out for a possible strong pullback/reversal from this zone.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.