Forex EUR/USD Daily Video, April 21, 2023

[Sive Morten]

Good morning,

EUR has completed intraday upside targets that we've discussed recently. With some bearish signs of other markets - BTC, GBP, we suggest that downside action has good chances to happen. We consider 1.0830-1.0850 as most probable target. We do not consider any long positions by far:

 

[Davidovic]

Thx Sive. Have a nice weekend.

 

[minimax]

So I see €$...

 

[davedubai]

So I see €$...
View attachment 83372

Looks like bulls have already exercised their power by the time NY session open. Weekend is weak end too

 

[minimax]

I don´t like the structure of (iii)rd in this TF but if it is really (iii) then (v)th is limited..

 

[Sive Morten]

I don´t like the structure of (iii)rd in this TF but if it is really (iii) then (v)th is limited..

Yes, I also thought about it - obviously some difficulties on Friday with attempts to break the level. It comes back but can't break it up, at least for now...