EUR/USD - Are We On The Verge Of A Sustained Bull-Run?
From the opening on Monday to Fridays close, Euro has been on an absolute TEAR to the upside with little to no manipulated spikes to the downside confirming this weeks bullish bias with flying colours.
Originally, the first point of interest was the 1.04542 - 1.04444 daily inverted SIBI but as we saw aggression when trading through it, 1.05368 is the next bullish draw.
We have yet to reach buyside liquidity yet but we have attacked the consequent encroachment of the last up close candle wick @ 1.05127 in which we saw a rejection.
Bullish projection this week has been superb! Looking out for a continuation to the upside, closing 1.25127 and a rally up to 1.05368.
Longer term bullish draw up to 1.06826 - 1.06098 is still in play but I want to see how the delivery above 1.05368 plays a role in the possible continuation of bullish price action.
Originally, the first point of interest was the 1.04542 - 1.04444 daily inverted SIBI but as we saw aggression when trading through it, 1.05368 is the next bullish draw.
We have yet to reach buyside liquidity yet but we have attacked the consequent encroachment of the last up close candle wick @ 1.05127 in which we saw a rejection.
Bullish projection this week has been superb! Looking out for a continuation to the upside, closing 1.25127 and a rally up to 1.05368.
Longer term bullish draw up to 1.06826 - 1.06098 is still in play but I want to see how the delivery above 1.05368 plays a role in the possible continuation of bullish price action.
Note
mid week price action
1.04303 - 1.04478 daily FVG in play right now
With dollar gravitating lower, it will allow EURUSD to expand higher
Note
Weekly Overview
Unlike GBPUSD, we failed to see a bullish delivery on the weekly timeframe.
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Publications connexes
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.