Monthly
Price has sustained above 130.00 and I believ we can push higher to 132.00 and possibly beyond. The last few months have been very bullish and the Euro has been strong in general. MAs are also upward facing.
Weekly
MAs are upward facing and last week we rejected our blue MA giving us some confidence that price is still looking to go higher. The 130.50 daily barrier has been hard to breach and it looks like we finally are pushing above it. If the week remains strong we will have a solid close above this area. We're also looking at a potential 3 pin pattern.
Daily
The daily TF has been showing clear higher lows and higher highs supporting a continued uptrend. MAs are also upward facing and yesterday we closed firmly above 130.50.
H4
Clear rejection is our preferred fib zone with gradual higher lows. Over the weekend, the market gapped back above our weekly area of 130.00 and has since broken our CTL and MAs have crossed to the upside. The CTL was also re-tested and rejected and the most recent H4 candle had strong bullish momentum behind it. We have also violated the previous high.
Price has sustained above 130.00 and I believ we can push higher to 132.00 and possibly beyond. The last few months have been very bullish and the Euro has been strong in general. MAs are also upward facing.
Weekly
MAs are upward facing and last week we rejected our blue MA giving us some confidence that price is still looking to go higher. The 130.50 daily barrier has been hard to breach and it looks like we finally are pushing above it. If the week remains strong we will have a solid close above this area. We're also looking at a potential 3 pin pattern.
Daily
The daily TF has been showing clear higher lows and higher highs supporting a continued uptrend. MAs are also upward facing and yesterday we closed firmly above 130.50.
H4
Clear rejection is our preferred fib zone with gradual higher lows. Over the weekend, the market gapped back above our weekly area of 130.00 and has since broken our CTL and MAs have crossed to the upside. The CTL was also re-tested and rejected and the most recent H4 candle had strong bullish momentum behind it. We have also violated the previous high.
Comment:
SL moved to BE.
Trade closed manually:
Closed early for healthy profits due to EUR looking like it's reversing.