Based on the chart.. We are still in an uptrend. Until we break that support line, we can still continue to put it on a positive Long position.
I See this as an opportunity for a discount buying of EUR.
Probability rate is also high based on risk and reward as well.
I See this as an opportunity for a discount buying of EUR.
Probability rate is also high based on risk and reward as well.
Trade active:
US Oil Starting to climb up. Giving pressure to USD.
Trade active:
The price continues to go up above the support line.
Next Update will be an hour for now.
Next Update will be an hour for now.
Trade active:
the rate continues to go up. however we are still looking for volume.
As per checking in the 4 hour chart, Buyers still lead for the past 3-4 hours.
We continue to update if the pair still holds the price.
As per checking in the 4 hour chart, Buyers still lead for the past 3-4 hours.
We continue to update if the pair still holds the price.
Comment:
I'm now monitoring for the next 4 hours in regards to the volume. If the buyers will continue to buy... this may convince others to come back in and confirm a big rebound above the 50/200 moving average.
Trade active:
currently the bears are fighting back however the market continues to respect the 200 moving average in the 4 hour chart. if it continues for the next 2 hours. this may be used as a support to bounce at 1.24 to 1.25 till friday