Hello Traders and Investors,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪
With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement.
Weekly market structure is quite clear with EurUsd still trading in an obvious rising channel and now retesting the upper resistance trendline so also from a weekly perspective a move lower is quite expected.
However I am still waiting for EurUsd to shift back to a daily bearish market because at the moment everything still looks very bullish and if this shift happens then I also do expect a move lower on the daily timeframe.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪
With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement.
Weekly market structure is quite clear with EurUsd still trading in an obvious rising channel and now retesting the upper resistance trendline so also from a weekly perspective a move lower is quite expected.
However I am still waiting for EurUsd to shift back to a daily bearish market because at the moment everything still looks very bullish and if this shift happens then I also do expect a move lower on the daily timeframe.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
