Forex EUR/USD Daily Video, August 07, 2023

[Sive Morten]

Good morning,

EUR accurately has completed our trading plan for past week. Now we consider 1.0960 area for long entry with reverse H&S pattern on 1H chart:

 

[Brett Reynolds]

I am already short from 1.1030..which 'yet again was the 50% retracement from last Thursday move down from 1.1150. I will monitor trade down to 1.0960..but would not be interested in buying Euro 'Unless' market can form a Daily close 'back above' 1.1030.