Good morning everyone,
Yesterday eurusd pulled up to 1.4500 and form a pincer.
Till now, eurusd seems bullish but it is consolidating. Topside resistance is strong as eurusd continues to test the top at 1.4500 but fail to break out from it.
I stil favour a weakening euro but we have to be patient with it. RIght now, I favour only picking short if eurusd retest 1.4500 or when eurusd breaks support level at 1.4375.
So stay patient and wait for eurusd to signal us.
Shall wait for your entry analysis. I am also favour short for now. Quite careful about what level price is bouncing as we are not out of the accumulation area yet.
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