Last weeks candle closed as an outside bar.

eurusd-d

So this week we could expect at least some kind of retrace on last weeks candle, perhaps to 61.8 % to marked blue support zone and then up again (option 1). Second option (2) is, that price will just head up from here, to next blue marked resistance zone then retest it and another move up.

This trade plan is even more favorable, if FOMC will not raise interest rates on Thursday.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.