From the technical view:
1. From the monthly point of view, price moving to the upside aggressively without any retracement, we can expect the deeper retracement from the monthly perspective and retrace to at leat 32.8 FIB level, as shown as the monthly target.
2. From the weekly perspective, we have the same view with the monthly perspective, we can also expect the deeper retracement on the weekly timeframe and retrace to at leat 32.8 FIB level, as shown as the weekly target.
3. From the daily perspective, the price created a fake breakout to the upside and closed back below the resistance level, if the next daily candle will create an equal low with the previous leg, we can expect the formation of the right shoulder and push the price to the downside as we want to see it from the weekly and monthly
From the fundamental view:
1. Big players are bullish bias on EUR in the LT and ST.
2. In the new report, more long positions were added and more short positions were closed, around 19k long added and 3.1k short closed. Net position from 117k becomes 180k at the moment. So, we can expect the continuation to the upside on the EURUSD after the retracement complete. Because the market never moves in straightway but always move in waves
How to approach EURUSD?
1. Waiting for the HNS pattern complete, then switch to the lower timeframe looking for the short opportunity if your rules of the strategy are fulfilled and targeting the weekly and monthly target.
2. Since the EUR will continue bullish in the short term, it can just retrace to the weekly target and continue to move to the upside, so the weekly target is more conservative, while the monthly target is more aggressive.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on EURUSD or which pairs you would like to me analyze in the future.
1. From the monthly point of view, price moving to the upside aggressively without any retracement, we can expect the deeper retracement from the monthly perspective and retrace to at leat 32.8 FIB level, as shown as the monthly target.
2. From the weekly perspective, we have the same view with the monthly perspective, we can also expect the deeper retracement on the weekly timeframe and retrace to at leat 32.8 FIB level, as shown as the weekly target.
3. From the daily perspective, the price created a fake breakout to the upside and closed back below the resistance level, if the next daily candle will create an equal low with the previous leg, we can expect the formation of the right shoulder and push the price to the downside as we want to see it from the weekly and monthly
From the fundamental view:
1. Big players are bullish bias on EUR in the LT and ST.
2. In the new report, more long positions were added and more short positions were closed, around 19k long added and 3.1k short closed. Net position from 117k becomes 180k at the moment. So, we can expect the continuation to the upside on the EURUSD after the retracement complete. Because the market never moves in straightway but always move in waves
How to approach EURUSD?
1. Waiting for the HNS pattern complete, then switch to the lower timeframe looking for the short opportunity if your rules of the strategy are fulfilled and targeting the weekly and monthly target.
2. Since the EUR will continue bullish in the short term, it can just retrace to the weekly target and continue to move to the upside, so the weekly target is more conservative, while the monthly target is more aggressive.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on EURUSD or which pairs you would like to me analyze in the future.