Good morning Traders!! The trend remains bullish on daily chart, but it is also in strong O-B. If the pair develops the first bearish leg, wait for rebound and take short position on (C) with potential "H&S" pattern in development (right shoulder). Not anticipating the market could be a good idea although at the moment, we see the price working the upperside channel.
Thank you for your support and trade with care!
NOTE: You can use a "ABC STRATEGY":
Part. I
Part. II
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TODAY RISK EVENTS : ========================= - German CPI (EU) - GDP (US) - Initial Jobless Claims (US)
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As we said during yesterday's session, the pair successfully reached the RESISTANCE AREA around 1.1420 and it also reached our two bullish targets. US data will be released today, but we are now close to the weekly closing, so we will not take any position during today's session. We take advantage of this update to thank all Traders for their constant support and their ILIKE (they are an important stimulus for us!)
...have you a nice day!
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We hope amazing US data will be released, so eurusd could go down slightly ... we'll see!
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OUR DOLLAR INDEX MONTHLY ANALYSIS
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OUR DOLLAR INDEX WEEKLY ANALYSIS (Click and Play)
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No direction and low volatility at the time ..... side session? We'll see...
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As we said in our last update, we can define today's session as "consolidation", most likely the weekly closing (but also monthly) will give us more information for our next setup. We keep following this pair on low time frame.
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Good morning Traders! The trend remains bullish on major time frames, and the pair, after reaching our two bullish targets, should go to work the daily trendline (potential Stop Hunter in play). Today is not only Friday, but it is also the weekly, monthly and quarterly closing, so during the weekend, our goal will be to look for the next setup (bullish or bearish). As mentioned, during today's session, we will not take any position on this pair, but we follow it as always. We take advantage of this update to thank all Traders for their constant support and their ILIKE becouse they are an important stimulus for us!.
Have you a great weekend and you continue to follow our other analyzes on TV or all other our channel!