EURUSD strong uptrend, weakening of USD
EURUSD still bullish.
Bought in at 1.17920 on Friday (11 August 2017) with the intention to hold for awhile. It broke a major holding point few weeks earlier and now the 20 EMA seems to provide a good support.
Analysis points:
1. Support from 20 EMA
2. 2 candlestick signalling buyers at 1.17100
3. The weakening of USD continues in 2017.
4. Continuation of trend after correction
There is a resistance up ahead at 1.18650 range if it passes that we have a lot of room upwards to 1.20000.
Bought in at 1.17920 on Friday (11 August 2017) with the intention to hold for awhile. It broke a major holding point few weeks earlier and now the 20 EMA seems to provide a good support.
Analysis points:
1. Support from 20 EMA
2. 2 candlestick signalling buyers at 1.17100
3. The weakening of USD continues in 2017.
4. Continuation of trend after correction
There is a resistance up ahead at 1.18650 range if it passes that we have a lot of room upwards to 1.20000.
Trade fermée: cible de profit atteinte
Target reached. Got out a bit early I feel, I believe there is more strength to the EUR against the USD.
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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.