Currency looks range bound in November, with only this week left before new Monthly Dynamics are verified. The November 50% level has supported the currency this month and the new December 50% level will be critical in defining the trend next month.
Friday's partial exit at the top of the 90-pip zone got traders out, however the rotation back down on Friday was more than I expected, taking out breakeven stops from entry.
5-day 50% level is supporting price, with the expectation that the next move will be towards the 90 pip high once again, before Risk increases. (partial exit or exit at 90-pip high)
No Major set-ups for the rest of the week.
EUR-USD
Trailing support has confirmed the up trend, however Friday's reversal and now Monday's price action is pushing price down into the Weekly 50% level.No trades as price is trading around 90 pip spiral lows.
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