Yesterdays candle did not finished as engulfing bull candle, so at the moment it looks that price want to proceed with down move again.


On 1h chart price already rejected 55 EMA. Retrace to 55 EMA normally suggest double bottom.

For traders which trade 4h chart, they could enter at the low of current 4h candle, if it will close as a bearish pin bar. Entry could then be at 1.5090 and trade it down to round number 1.5000 where they could close their short orders and wait for a break out or bounce.

Tomorrow there are Average Earnings Index 3m/y and Claimant Count Change in UK. In US there is no major red news.

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