Estimated movement of the euro-dollar pair for today.
Given the fact that Friday's movements are not significant, today there is an opportunity to test the upper levels and then open short offers.
So far, at the bottom, I am considering support at the levels of 1.0940-1.0945.
Here we have the POC of the current contract, so while we are at the top, the buyer has the advantage.
Monday is usually a slow day, although lately there have been significant movements.
However, I think it can be the opposite. When there is news, there may be no movement. And volatility can increase without strong news.
Level 1.0957 can serve as support, but stronger support levels are slightly lower.
So, I'm ready to wait for a breakout at 1.0957, but if we drop below 1.0940, the uptrend will be canceled.
However, I will open a purchase today.
The fact that last week more short deals were added shows that we tend to go down again.
This is the net position of large speculators as an indicator of mood, and it's diminished