EURUSD – Bearish Below 1.3120
Although starting off the week, I’d like to show you the 1hr chart below on the EURUSD. After the big sell-off post ECB meeting, the EURO got sold into oblivion, dropping ~200 pips in a few hours.
Now since then, and post NFP, the Euro has been largely contained towards the lows, even though it had a chance to rally, which can be seen via the 1hr chart below.
Hence I’ll look to sell on any weak pullbacks into 1.3000, or an impulsive rally heading into 1.3100. I’ll remain bearish until a daily close above 1.3120, targeting 1.2730 and possibly a move much lower towards the ‘big figure’ at 1.2500.
NOTE: We anticipated a potential …... Keep reading