Charts in Focus: Daily EURUSD, Daily S&P 500 futures
The EURUSD is inching its way up closer to the sell-zone that we discussed earlier this week, between 1.1050 and 1.1100. We will continue to either look for a price action sell signal within that zone if price moves up into it, or we can consider a 'blind entry ' near 1.1100 key resistance level to get short and rejoin the downtrend.
The S&P 500 sold off today and we are updating our previous commentary on this market. Our bias is the same; we are looking to buy from support, but we are shifting our support zone a bit to 2040.00 - 2020.00. We will watch for price action buy signals on the 4 hour and daily charts anywhere within that zone if price moves into it in the coming days, to rejoin the overall uptrend.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The EURUSD is inching its way up closer to the sell-zone that we discussed earlier this week, between 1.1050 and 1.1100. We will continue to either look for a price action sell signal within that zone if price moves up into it, or we can consider a 'blind entry ' near 1.1100 key resistance level to get short and rejoin the downtrend.
The S&P 500 sold off today and we are updating our previous commentary on this market. Our bias is the same; we are looking to buy from support, but we are shifting our support zone a bit to 2040.00 - 2020.00. We will watch for price action buy signals on the 4 hour and daily charts anywhere within that zone if price moves into it in the coming days, to rejoin the overall uptrend.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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