TraderNeoh

EURUSD Trade Idea

TraderNeoh Mis à jour   
FX:EURUSD   Euro / Dollar Américain
In Friday's (22th Jan) analysis, I discussed about the possible rally towards 1.2215 minor resistance zone before we notice further selling pressure. In Friday's session, EU chopped around the 1.2170 range. In the short-term I will be favoring short opportunities due to the recent violation of the ascending channel (short-term bearish sentiment). There are two scenarios that I am looking at

1. Further grinding sort of bullish rally to potentially re-test the 1.2210 minor resistance zone for further bearish continuation setup, with 1.2060 & 1.2010 as targets
2. Immediate bearish pressure pushing price below 1.2140 minor support zone

We could expect some bearish sentiment in the market. However, do not forget the overall trend on the higher timeframe remains bullish. Will keep it updated in the following trading week.

Trade safe.

Do follow my profile for daily fx forecast & educational content.
Commentaire:
Previous analysis


Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.