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Underlying:EURUSD
Time frame:1D
EURUSD is still being incredibly stubborn in its range, however it could be about to break out of that range!! and it might not be the way we initially thought. After re-assessing the MACD it is starting to cross through the centre line which indicates a grind lower could be on the cards. I am no longer buying, but instead waiting for the EMAs on the MACD to clear that centre line, from there we will be able to look at getting long or waiting for some more time.
This matches up with what I think is going to happen in the US Dollar (chart below)
Underlying:EURUSD
Time frame:1D
EURUSD is still being incredibly stubborn in its range, however it could be about to break out of that range!! and it might not be the way we initially thought. After re-assessing the MACD it is starting to cross through the centre line which indicates a grind lower could be on the cards. I am no longer buying, but instead waiting for the EMAs on the MACD to clear that centre line, from there we will be able to look at getting long or waiting for some more time.
This matches up with what I think is going to happen in the US Dollar (chart below)
