Forex comentary

The euro didnt do much yesterday forming an spinning top which brings uncertainty to the market, we are expecting a market correction and then another rally to target around the 1.4700 area, hopefully if this gets confirmed we will want to see some bullish candle set ups to get in the market. In contrary if support at 1.4440 gets broken we will wait for bearish confirmation.

The bullish rally its helped with the triple crossing of moving averages,  the uptrend is likely to keep on but we should be cautious in our market entry and place a stop loss in a safe area so you dont get too much leverage.

Thanks