VasilyPonomarev
Education

EURUSD: Year's High AHEAD!!! Key Levels & Scenarios

FX:EURUSD   Euro / U.S. Dollar

EURUSD is approaching a key daily structure resistance .
1.15 is year's high, short rally from that level was just crazy in march.

we don't know how the market will react this time, so we must be prepared for both scenarios:

in case of a bullish violation of the underlined resistance (daily higher high higher close)
the pair will most likely keep growing.
next midterm resistances will be:
1.155
1.160

if the structure will be respected (some reversal formation on lower timeframes)
the market may retrace.
closest midterm supports will be:
1.137
1.130


of course, bias right now is bullish , but it is too late to jump in.
let's patiently wait and see whats gonna happen.
Comment: check new analysis on EURAUD!!!

Comments

Very insightful! Agree with you :) Could go either way at this point, best is to wait for confirmation after the first wave of movement and enter the trade during the second wave!
+1 Reply
lmulhare MyTradingAnxiety
@MyTradingAnxiety, Yes, the market likes to draw in early movers before reversing. I love your username and logo. Many of us need to be less emotional and sit up straight at an ergonomic workspace. :)
+1 Reply
@lmulhare, I agree! Hahahaha thanks! Thats definitely what my logo and username was trying to represent hahaha
+1 Reply
lmulhare MyTradingAnxiety
@MyTradingAnxiety, I should connect my laptop to a larger screen so I'm not looking down all the time. :)
+1 Reply
@lmulhare, As long as it helps you achieve the most important thing of inner peace during a trade ;)
+1 Reply
VasilyPonomarev MyTradingAnxiety
@MyTradingAnxiety, thank you for comment!
Reply
thanks alot>>>.....
Reply
Excelente! solo una pregunta, puede bajar apartir de ahora? Considerando que la vela anterior ya toco la zona? su mecha
Reply
we have a strong resistance line at 2019 July this one was out of chart
Reply
@mory7vil, thank you for comment!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out