Eurusd new monthly candle! The February monthly candle closed a bearish doji candle. This suggests that we may continue a bearish descent from the January monthly engulfing candle. At the same time it appears that price is respecting Weekly level 1.0763 and there is Risk-On Sentiment in the markets following optimistic Cad inflation data from 2 weeks ago. Apologies if this analysis was a bit scattered and have a nice day! 0:0 Intro and Monhtly timeframe
1:50 Weekly timeframe
3:31 Daily timeframe
3:51 back to Monthly to explain new monthly candle potential
5:10 back to daily timeframe
6:53 4Hr timeframe
8:16 1Hr timeframe
Attempted a brief analysis but ofc it ran longer than I would've liked :)
1:50 Weekly timeframe
3:31 Daily timeframe
3:51 back to Monthly to explain new monthly candle potential
5:10 back to daily timeframe
6:53 4Hr timeframe
8:16 1Hr timeframe
Attempted a brief analysis but ofc it ran longer than I would've liked :)
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Update!
