#EURUSD - 19122024
I was somewhat wrong on the direction yesterday but intraday levels worked great. TBH, I was not sure about the direction of move yesterday.
I said that it does look bearish and if it goes up first, could see the sell down lower. And it nicely hit 1.0513, sold down to 1.0468 level for 45pips, which I said could be a bounce point and well it did bounce back to OP for 25pips but eventually sold down to lows on FOMC. What's next for today?
Similar to indices, very bearish daily candle. One could expect further downside but price is now back to a support zone. I expect a move up to 1.0440 before sellers will appear. If EURUSD could reclaim 1.044 on daily, I see that as low is in and should see further upside going forward.
I said that it does look bearish and if it goes up first, could see the sell down lower. And it nicely hit 1.0513, sold down to 1.0468 level for 45pips, which I said could be a bounce point and well it did bounce back to OP for 25pips but eventually sold down to lows on FOMC. What's next for today?
Similar to indices, very bearish daily candle. One could expect further downside but price is now back to a support zone. I expect a move up to 1.0440 before sellers will appear. If EURUSD could reclaim 1.044 on daily, I see that as low is in and should see further upside going forward.
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