Strong Resistance at 1.1650/60 is Key to Direction

124
Recap:

EURUSD we warned of short term bullish candles but there was no way I could recommend longs on such a weak signal. We rocketed to our selling opportunity at 1.1650/60 & topped just 16 pips above.

Forecast

EURUSD strong resistance at 1.1650/60 is obviously key to direction, stops above 1.1690. A break higher meets strong resistance at 1.1735/45. Try shorts with stops above 1.1780. Failure to hold above 1.1650 targets 1.1625 & 1.1590/80. On further losses we meet the low at 1.1510/06 plus key support at 1.1500/1.1490.


snapshot

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.