EURUSD short term higher, long term lower while below 1,1225

2019-12-02 13:53:01

Hi,

last Friday we have seen something like outside day and when it happened on 14th of November we had some rally. So I do expect similar in size short term rally towards 1,1080/1100 ( some stop hunt ? ) and then lower at least towards post French election gap.

Base scenario: Looking to sell rallies towards 1,1100 ( would like to see some kind of stop hunt or failure which will determine the stop order ), first target 1,10, second around 1,0800/0750

Short term scenario: watching 1,0995 if holds possible longs with tight stop and 1,1080 as target

Good Luck