EURUSD in mixed condition with ranging in long term, buying pressure in mid term and selling pressure in short term.
The plan for EURUSD for now is by this scenario :
Look for long entry inside 1.2880-1.2975 with target, again at 1.3120 and 1.3355
If weekly price closed below 1.2880 then we may see another selling pressure on weekly chart aiming for 1.2762 with 1.2450 and 1.4 as long term ranging support / resistance
weekly fibonacci pivot for next week :
R3 : 1.3287
R2 : 1.3211
R1 : 1.3164
Pivot : 1.3087
S1 : 1.3011
S2 : 1.2964
S3 : 1.2887
Saturday and Sunday we have IMF Meeting and German Buba President Weidmann speech on Economic calendar, so it would be no surprise if we have gap on Monday open.
The plan for EURUSD for now is by this scenario :
Look for long entry inside 1.2880-1.2975 with target, again at 1.3120 and 1.3355
If weekly price closed below 1.2880 then we may see another selling pressure on weekly chart aiming for 1.2762 with 1.2450 and 1.4 as long term ranging support / resistance
weekly fibonacci pivot for next week :
R3 : 1.3287
R2 : 1.3211
R1 : 1.3164
Pivot : 1.3087
S1 : 1.3011
S2 : 1.2964
S3 : 1.2887
Saturday and Sunday we have IMF Meeting and German Buba President Weidmann speech on Economic calendar, so it would be no surprise if we have gap on Monday open.