Will we see a bullish reversal in EUR/USD? (300 Pips potential)
As a trader, I have always looked at the fair value of assets that I am trading.
This means I do not get carried away when the price of an asset falls or
rises too quickly. This allows me to look for value and trade according.
📌EUR/USD breached the psychological 1.05 mark yesterday.
📌However, if we look closely at the chart, there is a fair demand at
this level. You can check the highlighted level in my chart.
📌So, if the zone at 1.05 holds, we can expect price to reach 1.0840
over the course of the next couple of weeks. This gives us a potential
long trade with 300+ Pips as target.
This means I do not get carried away when the price of an asset falls or
rises too quickly. This allows me to look for value and trade according.
📌EUR/USD breached the psychological 1.05 mark yesterday.
📌However, if we look closely at the chart, there is a fair demand at
this level. You can check the highlighted level in my chart.
📌So, if the zone at 1.05 holds, we can expect price to reach 1.0840
over the course of the next couple of weeks. This gives us a potential
long trade with 300+ Pips as target.
Comment:
Price above 1.05 is a good sign for the bulls. Let’s see what happens during the NY session
Comment:
High impact data coming up in a few minutes.
Comment:
Price closing above 1.0550 would increase the probability of a reversal
Comment:
100 Pips secured so far