I predicted a few days ago that if the market breaks and closes above the zone of resistance between 1.10636 and 1.10487, there’s a high chances that it will go up to another zone of resistance between 1.11172 and 1.11032.
Right now the market is pushing up to that zone, which I labelled as a grey zone. Inside the grey zone will be a place for possible shorting opportunities.
However, in another scenario, if it breaks and closes above our grey zone, we might
see the market continue to push up to the next level of resistance.
As of now, in my opinion, the best thing to do is to wait till the market reaches our zone, and place an entry.
That’s my analysis for the EURUSD. Let me know what’s on your thoughts 😁
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