EurUsd- Do we have a bottom? Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Oct 5, 2022 6:57 AM

Last week, EurUsd dropped and made a low just above 0.95. After this drop, the pair reversed and has risen back above 0.99 support.
At this moment a bottom can be in place and EurUsd can rise back above parity.
Dips around 0.9850-0.99 should be bought and the target can be 1.03 old support, now resistance

Comments

ProjectSyndicate

⋅ Oct 6, 2022 9:47 AM

proper TA with great summary I like it

rachidargane

⋅ Oct 6, 2022 9:04 AM

I think we will see higher euro because they will rise interest to strengthen the euro but after January euro will fall deeper.

sippy031

⋅ Oct 6, 2022 5:23 AM

Analyse this pair in H4 or H1 and you will have a much clearer picture of whats happening..

this pair has kept of breaking below support lines and doesn't show any signs of doing anything besides that anytime soon

FOREXN1

⋅ Oct 5, 2022 5:03 PM

Thanks for sharing mate !

RLinda

⋅ Oct 5, 2022 12:52 PM

I like it. THanks for sharing)

Solldy

⋅ Oct 5, 2022 10:12 AM

Not the most usual method of analysis for this asset. Usually your predictions are terribly accurate, I hope that will be the case this time.

P_S_trade

⋅ Oct 5, 2022 9:49 AM

Nice trade plan

UnknownUnicorn15614419

⋅ Oct 5, 2022 8:57 AM

Good job mate!