SteynTrade

EURUSD classical Wyckoff - Mark down after re-distribution

OANDA:EURUSD   Euro / U.S. Dollar
EURUSD is looking week and seems to be following a typical Wyckoff pattern of accumulation - mark up - re-accumulation - Mark up - distribution - Mark down - re-distribution and now potentially starting the mark down again. Volume has been low but picked up with the break out on Friday on the daily time-frame. We could see a back up to the creek but the previous mark down was very week and this trend could continue.

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