Goo day traders.
Today was quite slow in the market, after we enjoyed some crazy liquidity on Monday.
Oh well, let me believe that Tuesday gave his clothes to Monday to wear, hence the unusual Monday liquidity.
There aren’t any fantastic setups out there on my charts, however, I am tracking down just one.
Let’s check it out.
1. EUR/USD
Price on the 4 hours chart is presently resting on support level 1.11998.
If you check the daily trend, this pair is on a major downtrend. If the present support is broken, we could see price go further down to the next possible support level (1.11669).
A bounce on the present support level may also take price to 1.12554 which could be the next possible resistance level.
However, my bias remains BEARISH. Anything less may keep me on the sidelines tomorrow.
Thanks for your time, and wishing you a great day ahead.
