EurUsd- Bullish above 1.18 Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 22, 2020 5:55 AM

EurUsd spent all week consolidating just below 1.19.
An attempt to dive under 1.18 on Thursday encounter strong bids and the price quickly recovered.
I'm bullish on this pair as long as the price stays above 1.18 on a daily close basis and I expect a break above 1.19
My target is 1.2 on medium-term

Comments

KlejdiCuni

⋅ Nov 24, 2020 1:46 PM

Thanks, it's very helpful!

rmohamed

⋅ Nov 22, 2020 6:23 AM

Very nice analysis, when do you expect a break above 1.19 ? You think this week ?

Mihai_Iacob

⋅ Nov 22, 2020 6:33 AM

@rmohamed, I hope next week, is consolidating for quite some time

rmohamed

⋅ Nov 22, 2020 6:35 AM

@OptimoomFX, Dxy under pressure and will continue downtrend.

rmohamed

⋅ Nov 22, 2020 6:37 AM

@rmohamed, My view that we will jump to 1.92 this week

rmohamed

⋅ Nov 22, 2020 6:37 AM

@OptimoomFX, By Thursday we will be at 1.192 rage