Hello traders good to back with you on this Monday as we start a new trading week. Just a couple of notes as we see JPY is on holiday today. Traders there is very little data today so we are looking at a technical trading day, and I enjoy that just need to be patient to get the entry.
OK today we look at the EURUSD as we do every Monday. I like that we are back in the trend and Friday was a good day to sell this pair and I am looking to do this again today. I am looking for the pullback to the 38.2 Fibonacci level at the price of 1.1187 and look for the bearish candle pattern for the entry. I am looking to take profit at the support zone at the price level of 1.1152 for profits.
Thank you traders and we will talk soon…..William