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Leo-btm
Dec 22, 2023 11:03 AM

EURUSD, more upside to see? Long

FOREXCOM:EURUSD1D
Euro / U.S. DollarFOREX.com

Description

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EURUSD / 1D

Hello Traders, welcome back to another market breakdown.

EURUSD has been trading in a trading range, the price keeps making new highs, and lower highs which is a sign of a bullish trend for now.

Safe play would be to wait for another push for the trend line and watch what type of price action we get.


Trade safely,
Trader Leo.

Comment

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Seems we are breaking from the channel now.

Comment

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Update:

Waiting for the pull-back.
Trend AnalysisFundamental AnalysisBeyond Technical AnalysisEURUSDForexbtm
Comments
fmlbfx
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No we have reversal next week head and shoulder in the weekly chart !
Leo-btm
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@fmlbfx it's up to the market to decide, we just react to whatever scenario we get.
fmlbfx
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@Leo-btm the swap is positive, so the traders around the world go short to get interest !
Target is 0.96 another bottom in monthly chart
Leo-btm
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@fmlbfx That's not a good argument. for example: looks at USDCHF. how long the swap was positive? well look at the chart. It has been beaten to the ground.
MyCryptoParadise_Nathan
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Agree with the safe play - waiting for the trend line push seems wise.
Leo-btm
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@MyCryptoParadise_Nathan yes
Leo-btm
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@VERA_EZ appreciate it
wikitrades
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Still have upside momentum i believe check my analysis @wikitrades
Leo-btm
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@wikitrades appreciate the support
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