EURUSD Update

EURUSD Update

After yesterday’s Big FED-powered Pump (1), EURUSD produced weak morning. We had:

  • 2) SLKT above the previous minor high. If this green bar was a real strength, why did the next 4 bars closed lower? (It was SLKT Trap).
  • 3) ND (green arrows) with SB (red arrows) sequences.
  • 4) EVRB. Some strength is coming as price approaches the level of 50% Fibo.

Despite we had an intraday decline, we should consider this market as bullish until the breakdown of 50% line = 1.11250

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