Want to sell EUR, think twice again!
Sellers orders start slowly down & moving sideway, mostly will wait some event to trigger fast move to downward price zone and reverse back quickly... whenever market moving slow last few days meaning something brewing behind the scene.. market need more orders, or should i say panic orders which this case retail orders quickly jump in , FOMO
Critical area to watch, what bring for this EUR & GBP currency in coming months...
Short term short but longer term reversal pattern forming...
All data and fundamental pointing to a major event in the world that can quickly trigger the price movement again.
Sellers orders start slowly down & moving sideway, mostly will wait some event to trigger fast move to downward price zone and reverse back quickly... whenever market moving slow last few days meaning something brewing behind the scene.. market need more orders, or should i say panic orders which this case retail orders quickly jump in , FOMO
Critical area to watch, what bring for this EUR & GBP currency in coming months...
Short term short but longer term reversal pattern forming...
All data and fundamental pointing to a major event in the world that can quickly trigger the price movement again.
Now last quarter of the year, institution will make sure they close in big profit for the year as entering holiday season soon.
Let see 0.8300 will hold as next strong support for this pair.
Fundamentally GBP pair strong will make EUR very weak & good for EUR zone economy leaders to make some deals with CHINA to buy more or invest in Euro Zone.
To trade, wait for daily pullback structure to entry short to 0.8300 zone