TimStuyts

EURUSD what fundamentals win? or technicals...

FX:EURUSD   Euro / U.S. Dollar
129 0 3
For context have a look at my previous posts. I was looking for a wave B correction and continuation higher on lower time frames. The question is will FOMC trigger this wave C higher or will the dollar gain strength again?



Whatever the case will be, I'll be looking to buy the EURUSD             and if it turns bearish again I'll let it go for now.
This is due to the fact that I expect at least another leg higher after this consolidation shown by means of the channel/ bear flag .

The main events for this range bound price action were both ECB and FED in terms of QE and rate hike. We already tested the 50% of this range which is a common retrace level for the EURUSD             . Now I like to see a break out on the upside for a buy opportunity.

http://www.timstuyts.com

facebook/timstuyts
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out