EURUSD, IN CONSOLIDATION TILL WHEN????
HELLO ALL,
EURUSD HAS BEEN TRENDING SIDEWAYS ON THE DAILY SINCE EARLY APRIL. 4HR CHART SHOWED A RETRACE TO .50 FIB WHICH I HAD THURSDAY NIGHT INTO FRIDAY. I WILL SEE HOW THIS PAIR REACTS THESE COMING DAYS AS FUNDAMENTALS COME OUT AND PRICE ACTION GIVES US A BETTER VIEW.
TECHNICAL VIEW, LOOKS LIKE IT SHOULD GO UP FROM THE .50 FIB BACK TO RESISTANCE AT THE 1.10 AREA AND POSSIBLY BREAK OUT HIGHER. ON THE FLIP SIDE, IF IT PUSHES LOWER, THEN WE WILL WAIT FOR A GOOD SELL TO 1.0840 AND 1.0780 AREA.
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
EURUSD HAS BEEN TRENDING SIDEWAYS ON THE DAILY SINCE EARLY APRIL. 4HR CHART SHOWED A RETRACE TO .50 FIB WHICH I HAD THURSDAY NIGHT INTO FRIDAY. I WILL SEE HOW THIS PAIR REACTS THESE COMING DAYS AS FUNDAMENTALS COME OUT AND PRICE ACTION GIVES US A BETTER VIEW.
TECHNICAL VIEW, LOOKS LIKE IT SHOULD GO UP FROM THE .50 FIB BACK TO RESISTANCE AT THE 1.10 AREA AND POSSIBLY BREAK OUT HIGHER. ON THE FLIP SIDE, IF IT PUSHES LOWER, THEN WE WILL WAIT FOR A GOOD SELL TO 1.0840 AND 1.0780 AREA.
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
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