EURUSD – The graph gives mixed signals

EURUSD remains at risk of a bearish trap, which is placed below 1.1290 Fibo

1.1290 Fibo is at 61.8% of the rise 1.0636 = 1.2349 (2020 to 2021)

Bear trap: the market breaks below the technical level but then reverses = bullish signal

But the negative formation of the tenkan and kijun lines are bearish

Opportunity for potential short positions of 1.1340, but we remain cautious due to mixed market sentiment

The Market Profile chart shows the strong recovery (potential value migration) from the sold-out levels.

The formation of today’s Initial Balance shows that it is almost motionless to the local minimum of the block. This means that there are no attempts to test at lower values ​​due to lack of interest and the price quickly forms a Point of Control around these levels. After that, however, a vertical uplink begins and the stacks formed after them confirm the interest in purchases – the signal for the current value migration comes from the single print zone of 1.1343 – For this reason – if the price crosses the bottom again, it is appropriate to open a short position with the main movement at a price of 1.1340 and stop above single print above 1.1375.

Alternatively, when keeping the price above the single print area, we monitor the price action signal above 1.1375 – a jump above the top of the current block. Until then, however, the price is counted in noone’s territory.Alternatively, when keeping the price above the single print area, we monitor the price action signal above 1.1375 – a jump above the top of the current block. Until then, however, the price is counted in noone’s territory.