A low range Doji day to end the week as EUR/USD found it’s way to 1.3900 but couldn’t maintain the Bullish momentum, closing 20 pips below that psychological level.
The weekend has produced a gap in the market and we begin the week with PA below an untested DP and an open gap. The gap creates uncertainty but the untested DP and a Bullish Pivot formation has my bias Long. Hot Spots are a little scarce so we might have to be a little patient.
The Day Ahead
Not a fan of open gaps but at least my bias is in that direction. The DP test will be my favoured play.
|2:30pm||USD||Core Retail Sales m/m|
|USD||Retail Sales m/m|
Magic Monday everyone.