Might the Algos in the Golden zone hold!!!

2019-11-14 18:31:43

When looking to EURUSD the 1st idea popping up is the possibility of a double bottom around 1.08791 level, even if looking quite bearish heading down big time at the moment, we know that markets are driven by algos, buy-side algos are sitting at the golden pocket trying to push prices upwards.
It is my personal opinion when looking to the left we find heavy market structure S&R around golden ration levels, it might help to hold the price and create some consolidation.
Also, a rejection on DXY at the current levels and a downward continuation is from major importance for pair like EURUSD to consolidate and reverse upwards.