Forex EUR/USD Daily Video, May 09, 2023

[Sive Morten]

Good morning,

Today is a thin liquidity, at least on EU session, due to the WWII victory holiday. EUR now looks heavy, but I wouldn't hurry up with taking short position, at least until price drops back to ~1.0970 area. Bulls still have the chance on 1H chart:

 

[minimax]

In normal occassion I would expect turning up, but situation is far from normal..
ps: sorry, I forgot to put C below D low..