let s see where that 4hr candle closes. as for the 1hr chart there s some buying in there for sure, but everytime they try to push higher it s getting squashed back down, and this last candle closed lower then the previous open. which might indicate a no demand if this 1 confirms by closing lower, then i might expect a run back down to those lows again. still the volume that s showing up of the lows not convincing to go long just yet, atleast imo. judging from weekly and daily i m still bearish unless something changes, i guess i ll have to see how this weekly candle gonna close and the volume that goes with it, but so far i m seeing weakness which most of the times screams lower prices to come(most of the times, not all the time).
update 4hr and 1hr candle closed at the lows with a nice volume increase. unless we have some major vol causing a pin with a bullish reaction i wouldn t go long, only shorts for now
EUR/USD 28/01/2020 - Think we’re looking positive for the bulls.
My trend lines are off on the chart but looks like we’re at bottom of trend looking for buy opportunities.
EUR news, specifically German, has been positive though looks like a slow burner going buy the technicals.
Trade agreement between US and China putting pressure against EUR though think the US and China trade deal is not as good as markets showing long term and pandemic outbreak in China should be showing in markets.
How you guys trading? Think there might be sells coming up instead?