Like I mentioned last week, after 8 bullish weekly candles in EURUSD, first time since 2004, there needs to be a bearish one, and we got one! Next week will be interresting, because we have a bearish weekly setup, even though not as strong and a bullish H1 and H4 setup. So I would say first up and then down…the question is how high and for how long. But long term bears should probably wait until wednesday-thursday for better entries. Targets are still the same, 1600-1650 for EU and 2800 for GU, the question is only where to enter, for minimum drawdown. I expect the week to start bullish and then we will see…
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