Razvan

EURUSD - Falling Wedge

FX:EURUSD   Euro Fx/U.S. Dollar
Zoomed out and now it looks bullish . A break above 1.1120 is a bullish signal, but a break above 1.1145 would be a strong bullish signal. Looking at the price action 1.1180 could be hit in the next couple to several hours if 20 is broken.
I wouldn't go as far as calling a bounce. Price is definitely due to consolidate and this morning's leg down when Europe woke up should maybe be squeezed a little. My first target is 1.1146. Cheers.
+1 Reply
Razvan j1O9SB
1146 is a good resistance, that is why i think that a break above this 3-5 pips area would be a strong bullish signal. Still it has to break 20 on short term
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I agree with your outlook on 20. The main threat here is that when US wakes up they squeeze dip buyers. Looking cozy for now.
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Now would be a good time to scale out into strength. Are you taking some taking profits here Razvan?
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Razvan j1O9SB
Hey, just closed half at 50 and now aiming for 80.
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Great! Scaled out at 40, 50, and 60. Good luck with your 80 target.
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Razvan j1O9SB
I left my pc...now i see that my short trailing was hit. it was a pretty good trade though
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Great chart, simple is powerful
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Razvan Technician
Thank you!
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Rezvan,Fantastic analysis.thanks a lot.
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Razvan somaFX
Thank you!
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