EURUSD Is still looking BULLISH TO me with 1.1280 in sight

Long

Euro / Dollar Américain (FX:EURUSD)

Mis à jour

FX:EURUSD Euro / Dollar Américain

trendanalysis chartpattern waveanalysis eur usd dxy euro dollar forex trading

EURUSD Thesis

- Weekly: After rejection of major zone 1.1223 last week candle closed as a shooting star signalling bears are ready to push price lower. EUR market structure is still bullish so we need to be cautious.

- Daily: Previous low was taken out after break below 1.1177 4hr zone with a bearish engulfing candle signalling bears could push EUR to as low as 1.1072 which is our next intended target.

- 1hr: 1.1177 couldnt hold as resistance and broke above it. What is likely to happen now is that price will now test zone as support & because EU on higher time-frame is bullish we could see price reach 1.1280 resistance from here. Extra confirmation of bullish presence is an inverse Head & shoulder pattern signalling a reversal.

Transaction en cours

Trade fermée manuellement:

-5PIPS. Change of heart I do see EURUSD moving much lower from here

Idées en relation

about EURUSD

about EURUSD 5

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