The Eurusd has a head and shoulder set up which looks to be completing after today's fomc rate hike.
Combine that with the first phase of an elliot wave Long opportunity. and we might be looking at a Bullish move in price action.
a break above 1.08 is confirmation of these analysis for overall movement to the 1.13 price range
Combine that with the first phase of an elliot wave Long opportunity. and we might be looking at a Bullish move in price action.
a break above 1.08 is confirmation of these analysis for overall movement to the 1.13 price range
Comment:
Price approaching my target, watch out for false break-out, once price has broken and retested the level above 1.0810. I'll take an entry position
Comment:
Long Position now active. Take Profit: 1.114.
At this resistance level we should see a strong retracement back to our current level of 1.08.
Alternatively if the Short Position is to Prevail a close below 1.074 will signal opportunity to take Open Short Positions
At this resistance level we should see a strong retracement back to our current level of 1.08.
Alternatively if the Short Position is to Prevail a close below 1.074 will signal opportunity to take Open Short Positions
Comment:
Trade closed at 1.089