Instead of going short as previously forecasted, Euro closed just a few pips below it's opening price; the previous trading day's candle is a perfect indecision candle above a key support line 1.0503. Unless there's a clear close below this level, we choose to remain flat momentarily and only go short if the price descends below 1.0503, any clear rebound above 1.0503 will mean looking for long position. Expect a similar wave count in EURHKD, GBPUSD and AUDUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:
We're flat
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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