EURUSD has moved down in what appears to be a correctional move after upward momentum died out last week and broke down out of an Inside day’s lows.
We are now sitting on a previous resistance level which is now being tested as support, and this area happens to line up with the mean value. The trend is still clearly up here and the market is making those clear higher highs and higher lows.
Because of the established upward momentum, shorting is not recommended. We are watching for any bullish breakouts above the Indecision Candle for cues to get in long.
Mario
Powerful ✊????
Mario