mcpeacocks

lllllong term view on EU??

mcpeacocks Updated   
FX:EURUSD   Euro / U.S. Dollar
just looking at previous support and resistantce here

monthly MA and Fibs formed good resistance, and we may drop back to 1.11 levels?
Trade active:
100pips in the pocket so far
Comment:
300pips in, taking some profits here.
Comment:
ready for a bounce here?
Comment:
bounce didnt happen. still short
looking at next area of resistance though to take some off the table and maybe even place a few small longs for a long term trade
Comment:
bounce did happen.
today FOMC reason for further sell or buy?
Comment:
Trade active:
solid break of resistance;
flag/triangle - whatever you call it, its consolidation, and it broke out of it.

AB-CD measured move from it, would bring price right into the GAP around the 1.0750-1.0850 levels!

Comment:
bouncing of 200Ma
double bottom forming
pin bars
previous resistance & now support

all of the above is enough reason to go long EURUSD here
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