The ALGO we have developed has been STRONG, it has captured short term moves in the EURUSD cross producing a 9.00%+ returns for 60 days, those numbers are tremendous, so we respect its trading.
The favor the EURUSD HIGHER, as expressed before on the BLOG, but respect the ALGO and want to watch the levels to ENGAGE and go LONG EURUSD.
We mark the BUY ZONE.
The systematized strategy uses short term momentum indicators to determine strength/weakness and it might have perceived the selling pressure seen since Friday as eventful.
I will post more on its activities on the SHORT TERM tactical strategy.
Medium/Longer term we remain constructive EURUSD and want to BUY on dips, knowing that thesis is wrong below 1.1170.