The sentiment of EURUSD remains bearish, and hence, we are looking for short positions. At the moment, we can observe how a massive bullish candle is attempting to break above the sideways-moving mini-range. We believe that the purpose of this move is to grab liquidity above the local zone before dumping all the way down till the zone indicated on the chart and even further below.
Either way, we will closely monitor the price action and wait for more confirmations before executing short positions and aiming for the target level plotted on the graph.
Either way, we will closely monitor the price action and wait for more confirmations before executing short positions and aiming for the target level plotted on the graph.
