EURUSD Outlook 6/12
Updated
EURUSD showed major weakness, current bias is that this week will be spent trapping more late sellers, before reversing to take some buy side liquidity. HTF remains bearish, but selling at discount prices is just not attractive to me. This is in line with DXY perspective. Intraday price action will be monitored for short term trade opportunities with a bias to the long side, but respecting supply levels that could continue bearish HTF trend.
Note
Buy trade idea based on correlation with DXY
Trade active
Buy Limit Order Triggered
Trade closed: stop reached
Trade active
re-entered after being stopped out as DXY is still in play Note
Buying EU one last time
Note
Trade idea
Trade active
Price reacting favorably to trade idea.
Let the algo show you its hand.
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