- EURUSD looking bearish for the day. After yesterdays rally higher, a lot of traders will be anticipating to hop on the bandwagon and place long positions due to bullish "momentum". Which is exactly why smart money will use that FOMO against them and drive price lower for internal range liquidity as soon as we take out the previous day's high (during the NY session).
- Overall EU is still bullish, we still have inefficiency to rebalanced above BUT for today I feel like it's much safer to be on the opposite side of the crowd.
- Overall EU is still bullish, we still have inefficiency to rebalanced above BUT for today I feel like it's much safer to be on the opposite side of the crowd.
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