13062023 - #EURUSD
Yesterday's EURUSD move is perfectly in accordance to the levels. When I posted the chart (tradingview.com/chart/EURUSD/E1y4Bhwi-12062023-EURUSD/), I mentioned that is the lows and market just went up to the weekly BZ and got rejected there and closed somewhat in the middle. I would say it is a neutral and slightly bullish close.
TBH, I am somewhat bullish GBP (would talk about that in the next post) but looking at DXY, market made an outside candle, making new highs, then new lows and closed with a green candle which seemed to make DXY bullish, thus everything is not so clear.
But for now, EURUSD, yesterday was much bullish (and yes I was wrong to say that it is better to long GBPUSD/AUDUSD as they are much stronger because EURUSD gained strength yesterday), I would say that bias is to the upside, with PZ now acting as support, thus market could well go up from here.
If however PZ breaks, 1.0750 is another opportunity to go long for a move back to yesterday's high minimally.
TBH, I am somewhat bullish GBP (would talk about that in the next post) but looking at DXY, market made an outside candle, making new highs, then new lows and closed with a green candle which seemed to make DXY bullish, thus everything is not so clear.
But for now, EURUSD, yesterday was much bullish (and yes I was wrong to say that it is better to long GBPUSD/AUDUSD as they are much stronger because EURUSD gained strength yesterday), I would say that bias is to the upside, with PZ now acting as support, thus market could well go up from here.
If however PZ breaks, 1.0750 is another opportunity to go long for a move back to yesterday's high minimally.
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