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Inacio_1998
Jun 1, 2021 2:01 PM

EURUSD Analysis OVERVIEW Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD analysis Overview -
Monthly Chart - strong bullish closure, still got room until reaching a monthly Key Level

Weekly Chart - previous weekly candle closed as a doji, showing some indecision as we reached previous weekly resistance.

Daily Chart - uptrend (retracement over), previous candle closed bullish creating a morning star pattern. Could heading towards previous Daily Resistance now.

H4 Chart - was previously ranging, broke the level of resistance and retraced all the way back down to the support level which now has bounce from, using fibs projections I would be looking to see this go the -27, in other words create a new higher high.

30m Chart - initiated an uptrend, we just had a double bottom form at the 38.2% level, i'll be waiting for a break of the last resistance level formed and then a pull back to potentially join this long movement.
Comments
Tolberti
Thanks a lot for your idea.
Inacio_1998
@Tolberti, no worries anytime bro!
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