EU daily Outlook
Daily
There have a been a massive move to the downside for the last two weeks. We can expect profit taking at 1.0500 area which might cause price to either consolidate or retrace. Watch the 1.0500 area for a possible bos of the long-term low to the left or a rejection. Will price break this area and continue moving down or will it act as support? Fundermentals will dictacte. As always our job as traders is to react to what the price does and not predict.
There have a been a massive move to the downside for the last two weeks. We can expect profit taking at 1.0500 area which might cause price to either consolidate or retrace. Watch the 1.0500 area for a possible bos of the long-term low to the left or a rejection. Will price break this area and continue moving down or will it act as support? Fundermentals will dictacte. As always our job as traders is to react to what the price does and not predict.
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