Market makers are going to buy euro at the best discount price: 60-80 pips below August low.
I expect them to drive price back to August low and higher - to last last week's low to take the stops above last swing high - that is where they are likely to unload the big buy. Best to wait until London session. I am pretty sure Wednesday low will be taken during Thursday's London session before price will be driven up.
If by Friday close price will not reach last week's low - the bearish trend will continue after drive to August low.
I expect them to drive price back to August low and higher - to last last week's low to take the stops above last swing high - that is where they are likely to unload the big buy. Best to wait until London session. I am pretty sure Wednesday low will be taken during Thursday's London session before price will be driven up.
If by Friday close price will not reach last week's low - the bearish trend will continue after drive to August low.
Trading ditutup: target tercapai