After gaining the levels for 2 months from the low,initiall the upward stop hunt was done.Now lower level stop hunts are in process – ie eitherway stop hunts.
This is expected to influence one sided rise any time from now.
From the low set for the season EURO gained about 1000 pips- after 150-200 pips swing again slow rise could be seen till recent high.Later one sided rise may be seen as higher shift in trading zone.That rise may be equal or more than the shift in trading zone set between the lower and middle level consolidation ranges.
After 2 days of swing and slide EURO made a small dip during Japanese session when GBP is holding – a move to drop EURO/GBP from the gained levels.Later GBP is expected to swing and gain that could be followed by EURO.
Expected market moves for the mid week
swing and firm up moves may be seen during Japanese session
swing and quick rise moves are expected during European session
swing and gain moves may be seen during US session.
Please understand the players intentions before commiting trades.