EURUSD Analysis
Diupdate
We've been watching this EURUSD breakout analysis for a couple days now and are highly interested. After analyzing the pair, we concluded that a retracement is probably sightly more likely than a continuation given the absolute extension of what was a pretty sizable move. We don't like to chase the pair so we are watching for a retracement and potentially entering long at that point. Of course, when markets re-open, that could change if we see a major continuation of the last three sessions.
Catatan
I see today's action as a retracement. It was a little deep for my taste. I say a decent amount of USD strength in the markets.Catatan
Still hanging around that prior resistance but its starting to look like it might hold and maybe make a run higher in the next few sessions or into next week.Catatan
Definitely bounced back up after that retest but is the upside limited? Not seeing much follow through.Catatan
I'm all but invalidating a long approach here. A lot of uncertainty and its hanging around that level. I prefer large moves and well defined trends.Catatan
Back watching this on the long side.Catatan
Dead read, done with it.
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