What next for EURO?
Notice how POC testing is readily rejected each time and the resumption of the overall trend prevails like clockwork. This is the value of Price control and knowing where volume and liquidity in the market exists.
Another hotly contested Point of Control that adhered perfectly the volume led price action of the market participants. At his stage, picking an entry wasn't the main issue - it was sizing it correctly and preparing for the next move downwards.
The uptick in the Eur is seen occurring alongside explosion of yields in key EU bonds, lending catalyst to the moves.
The target is the previous POC, where price action will determine the strength of the correction or if resumption downwards continues
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Another hotly contested Point of Control that adhered perfectly the volume led price action of the market participants. At his stage, picking an entry wasn't the main issue - it was sizing it correctly and preparing for the next move downwards.
The uptick in the Eur is seen occurring alongside explosion of yields in key EU bonds, lending catalyst to the moves.
The target is the previous POC, where price action will determine the strength of the correction or if resumption downwards continues
FOLLOW ME:
@icymi_macro
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