EURUSD - Overall Market structure, As we can see this pair has been moving Sideways in a range between the two monthly zones since October’18.
Current Market: price is currently fighting to break the @1.13009 level that acts as a strong weekly support assisted by the Daily Trendline.
Already there was a touch on the daily trendline and two D1 candlestick rejections.
Personally I won’t trade this pair because of the EUR interest rate and USD NFP this week.
But if I were to trade the pair, I’ll buy from the @1.13000 support level. Stoploss 300-500 Points away and my Target would be the @1.14338 level.
Current Market: price is currently fighting to break the @1.13009 level that acts as a strong weekly support assisted by the Daily Trendline.
Already there was a touch on the daily trendline and two D1 candlestick rejections.
Personally I won’t trade this pair because of the EUR interest rate and USD NFP this week.
But if I were to trade the pair, I’ll buy from the @1.13000 support level. Stoploss 300-500 Points away and my Target would be the @1.14338 level.