according to me, the bulls are still there due to the big weekly rejection on a bigger time frame, check the weekly chart.
From the H4, we can clearly see it is ranging. this is not a simple situation usually I'll trade with a clear trend direction but that is how we become smarter with strategy.
Borris johnson right now is making things a bit easier for euros even if this pair has nothing to do with the UK but it is influenced somehow ( personal opinion ).
The liquidity seems to be around the price of 125.277 or 61% of the Fibonacci retracement. that is I think making more sense because that level was tested for about 5 times since the 31 of July 2020. Next week that level will tell us more about the bullish momentum or bearish. But I am very very very confident about the bulls therefore I will be long on this.
From the H4, we can clearly see it is ranging. this is not a simple situation usually I'll trade with a clear trend direction but that is how we become smarter with strategy.
Borris johnson right now is making things a bit easier for euros even if this pair has nothing to do with the UK but it is influenced somehow ( personal opinion ).
The liquidity seems to be around the price of 125.277 or 61% of the Fibonacci retracement. that is I think making more sense because that level was tested for about 5 times since the 31 of July 2020. Next week that level will tell us more about the bullish momentum or bearish. But I am very very very confident about the bulls therefore I will be long on this.