#EURUSD - 27112024
EURUSD sold down early yesterday on Trump's tariff news which gave the perfect long. I said to look for a move higher from 1.0430 and it was the low as it rallied over 100 pips going up to 1.0544 strong level before pulling back half way.
What's next? Daily candle closed red with long upper and lower wick. We see a down move from 1.0544 to 1.0440 which is quite a big down followed by a recovery. I have no strong view from here, but IMO, what we could see is that EURUSD could make a move lower (below yesterday's low), possible to fill Monday's gap at 1.0430, then move higher.
What's next? Daily candle closed red with long upper and lower wick. We see a down move from 1.0544 to 1.0440 which is quite a big down followed by a recovery. I have no strong view from here, but IMO, what we could see is that EURUSD could make a move lower (below yesterday's low), possible to fill Monday's gap at 1.0430, then move higher.
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