FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

I certainly wouldn't mind if yesterday's decline on eur/usd was more productive, but it's still good that we made progress. The levels today are different from yesterday, there is no mandatory zone above the price at all. However, the channel's decline due to yesterday's price drop and the chart structure itself suggest a possible continuation of the decline today, at least towards the day's balance area at 1.1372. In the morning, my thoughts are to look later at two things: whether we will reach it or not, and whether we will bounce or not. It would be better to reach it, I mean the balance area, or even lower, and not bounce back.