We were stuck in the trading channel last week between 1.63000 and 1.64000.
I have pinpointed my strong buy sentiment on the charts. All very clear indications that the pair should continue towards top resistance and possibly breach to retest a new top resistance before reversal (most likely right at a whole number :) ). On the contrary we could see a significant breach following the second up trend after the first sideways breakout out following a downtrend.
Please comment with your thoughts and added ideas! Thank you and let’s crush this week!
EUR is going down to 1.60350 by tomorrow at some point. I just want you to be aware of that. Happy trading :)
Helena_FX
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Yes quite possible on 1h timeframe to go back up to 1.64 and then where?
Pika7993
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@Helena_FX It will either break through or pivot for another retest of a bottom support or just be a pullback for continuation through top resistance.
Helena_FX
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@Pika7993, Well I hope it goes back up and continues going, but after the Gravestone Doji on the daily chart, I've got the feeling a journey south is coming probably down to 1.62500 if not lower....