Trading Plan EUR / USD
Following yesterday's reaction to the ECB meeting, EUR / USD has fallen 100pts from 1.07500, to 1.06500.
Leaving many liquidity gaps along the way. Although the overall trend is down, at this point price looks over extended, and we're anticipating some buying to fill these gaps, before an eventual resumption of the overall trend.
Would consider, 1.06000 a support buy, & 1.065000 a breakout buy.
Targets 1.07000.
Invalidation = Break of 1.06000
Following yesterday's reaction to the ECB meeting, EUR / USD has fallen 100pts from 1.07500, to 1.06500.
Leaving many liquidity gaps along the way. Although the overall trend is down, at this point price looks over extended, and we're anticipating some buying to fill these gaps, before an eventual resumption of the overall trend.
Would consider, 1.06000 a support buy, & 1.065000 a breakout buy.
Targets 1.07000.
Invalidation = Break of 1.06000