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EURUSD
The title is quite telling, but I will describe the problem quickly. I do not like to trade when there is no specific signal for a possible trend reversal. This is the case here because yesterday we had a steady downward move so our benchmark today is only the support we wrote about last week. The support is quite strong and the price has already reacted, but as in the title, it is “catching the hole”. Everyone has to decide for themselves whether they want to enter the position and take a greater risk than usual based on the support alone.
I have marked two possible levels in the picture that need to be monitored. One is a resistance which is also quite solid, and two is just our signal of price reversal, unfortunately it is very distant at the moment.
