EURUSD getting ready for liftoff?

12 May 2020

EU has rejected a major zone for the second time. We should see about 15pips to the downside to retest a lower zone, it is here where we wait and watch price action. If we can have confirmation in either a Pinbar, Bullish Harami, or Engulfing, expect this bad boy to take off to the moon, or at least our atmosphere ;) However, if we break through the lower zone, get ready to watch this fall into a cave yet again. As always, be fluid traders.