{"id":106,"date":"2020-05-30T21:21:20","date_gmt":"2020-05-30T21:21:20","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=106"},"modified":"2020-05-30T21:44:03","modified_gmt":"2020-05-30T21:44:03","slug":"eurusd-correction-or-more","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2020\/05\/30\/eurusd-correction-or-more\/","title":{"rendered":"EURUSD correction or more?"},"content":{"rendered":"\n<p>EU overshoot my targets last week too easily. I had a first target of 950 and second of 1000, where I expected a turn towards 820 again. But as I posted earlier on twitter, to me, that thursday NY spike was a trap. I expect that one to be &#8220;fixed&#8221; early next week. <strong>So my first target on the hourly chart is the 990-1010 area.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"404\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUh1-30-1024x404.png\" alt=\"\" class=\"wp-image-115\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUh1-30-1024x404.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUh1-30-300x118.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUh1-30-768x303.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUh1-30.png 1138w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p> Checking the sentiment of the market and many analysts, people are waiting for that area to hit to go long from there. I am not going to do that. If we go towards 1000, I won&#8217;t long, even if I may miss a trade there. I expect the level to break, after sucking in some retail bulls. <strong>I expect 950 minimum, possibly lower, towards 820.<\/strong> Because if you look at the small picture, smaller timeframes, it looks very bullish&#8230;but if you look at the bigger picture and the daily chart, this can easily go down to re-test 630 and what if it breaks lower? I wouldn&#8217;t want to be long from the 1000 area and then watch euro drop towards a new low. So I will be very cautious with longs next week, probably just scalp them on the way. <strong>If we keep dropping until thursday, I will long scalp the drop for a quick ECB spike up<\/strong> and then see what happens, if we continue upwards after it or go back down for more lows. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"402\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUd-30-1024x402.png\" alt=\"\" class=\"wp-image-116\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUd-30-1024x402.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUd-30-300x118.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUd-30-768x301.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/05\/EUd-30.png 1142w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>EU overshoot my targets last week too easily. I had a first target of 950 and second of 1000, where I expected a turn towards 820 again. But as I posted earlier on twitter, to me, that thursday NY spike was a trap. I expect that one to be &#8220;fixed&#8221; early next week. So my [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/106"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=106"}],"version-history":[{"count":7,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/106\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/106\/revisions\/117"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}