4 hour view
A break of the 200 ma convincingly would bring EURUSD pair to test previous highs at about 1.172.
Due to the low risk reward nature of the trade, I will not be longing the pair until my short target of 1.172.
Shorting the pair would be safe until the top trend line is touched. I suggest taking at least 50% of profits there.
A break back into the channel would send the pair to 1.154 quickly.
1 day view
I am expecting an attempt for EURUSD to touch 1.20 to form a huge H&S sending the pair down to 1.05 region.
Of course, beware of the German election coming up. Angela Merkle losing would send this pair down quicker
than expected. A win would probably lead to nothing much tbh :) Stay safe
A break of the 200 ma convincingly would bring EURUSD pair to test previous highs at about 1.172.
Due to the low risk reward nature of the trade, I will not be longing the pair until my short target of 1.172.
Shorting the pair would be safe until the top trend line is touched. I suggest taking at least 50% of profits there.
A break back into the channel would send the pair to 1.154 quickly.
1 day view
I am expecting an attempt for EURUSD to touch 1.20 to form a huge H&S sending the pair down to 1.05 region.
Of course, beware of the German election coming up. Angela Merkle losing would send this pair down quicker
than expected. A win would probably lead to nothing much tbh :) Stay safe
Comment:
Sooon :)
Comment:
Move short to 1.18545