As I wrote yesterday, EURUSD may get stuck in a range. (pls see link below)
Retail Sales did the job!
Heikin Ashi quantification gives early warning signal for bullish reversal from range bottom. Watch for close, indication may be a green candle for tomorrow.
Recent sellers will likely start to worry and stop above Kijun Sen at 1,0755
4H time frame setup is turning into neutral from bearish. 1,0700+ will likely act as bearish support first. More bullish action is expected if it goes through 1,0735-1,0780 zone.
Try to buy (add to positions) on dips if you see no lower low on 4H.
Retail Sales did the job!
Heikin Ashi quantification gives early warning signal for bullish reversal from range bottom. Watch for close, indication may be a green candle for tomorrow.
Recent sellers will likely start to worry and stop above Kijun Sen at 1,0755
4H time frame setup is turning into neutral from bearish. 1,0700+ will likely act as bearish support first. More bullish action is expected if it goes through 1,0735-1,0780 zone.
Try to buy (add to positions) on dips if you see no lower low on 4H.
