Euro / Dollar AméricainMis à jour EURUSD Trade Idea
In yesterday's analysis, I expected EU to violate the bullish engulfing pattern with further downwards pressure towards 1.2010 key support zone, which was exactly what the market performed. In today's trading session, I will be favoring short-term selling opportunities. There are two setups that I am looking at
1. Continuation towards the downside testing yesterday's low at 1.2010 support zone. If EU shows further weakness, that could expose 1.1926 the following support zone. (Bearish)
2. Be aware that if market today have a second rejection at 1.2010 support zone, that could be a potential double bottom setup reversing upwards as it is a key support zone. Or if we see bullish pressure pushing above the 1.2060 resistance zone, that could signal strength in EU. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the current short-term bearish sentiment in the market.
Trade safe.
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1. Continuation towards the downside testing yesterday's low at 1.2010 support zone. If EU shows further weakness, that could expose 1.1926 the following support zone. (Bearish)
2. Be aware that if market today have a second rejection at 1.2010 support zone, that could be a potential double bottom setup reversing upwards as it is a key support zone. Or if we see bullish pressure pushing above the 1.2060 resistance zone, that could signal strength in EU. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the current short-term bearish sentiment in the market.
Trade safe.
Do follow my profile for daily fx forecast & educational content
Note
Previous analysis
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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.