Hi Traders,
By commenting on key price action events the understanding of price action is easier.
Key focal points are clearly identifiable as so are opportunities which tend to present themselves around new lows, new highs etc.
By telling the story your trade bias should be better able to remain in perspective of what price is actually doing based on historic price action rather than your feeling at this moment in time which can overlook reality.
Our view here is that EURUSD will continue in a downtrend with the new lows re-tested. This is more probable based on historic price action than a move higher which based on the last two daily candles was strongly rejected by market participants.
We hope this type of perspective has benefited you.
By commenting on key price action events the understanding of price action is easier.
Key focal points are clearly identifiable as so are opportunities which tend to present themselves around new lows, new highs etc.
By telling the story your trade bias should be better able to remain in perspective of what price is actually doing based on historic price action rather than your feeling at this moment in time which can overlook reality.
Our view here is that EURUSD will continue in a downtrend with the new lows re-tested. This is more probable based on historic price action than a move higher which based on the last two daily candles was strongly rejected by market participants.
We hope this type of perspective has benefited you.
