TradingView
Mihai_Iacob
Nov 11, 2022 3:45 AM

EurUsd- First target reached, now what? Long

EUR/USDOANDA

Description

As I argued in both written and video analysis, there is a high chance of a reversal in EurUsd's case and 1.02 with 1.0350 in extension could be the target for this correction.
Indeed, yesterday EurUsd touched the 1.02 zone and we may ask ourselves "now what"
In my opinion, the 1.0350 zone will be reached in the medium term, but from a risk: reward point of view, at this moment, we don't have a valid trade.
However, in the eventuality of a drop under parity, this should be considered a buying opportunity with the up mentioned target and only a drop under 0.97 would negate this scenario
Comments
ZH-FX
Possible shorts can come in from this zone!
Mihai_Iacob
@ZH-FX, Indeed, but if you read I say buy around 0.99, not buy at 1.02
ZH-FX
@Mihai_Iacob I agree
UnknownUnicorn15614419
Correctly noted arguments, some I had not even noticed before. The idea turned out to be informative and useful for further trading. Thanks, buddy!
JoeChampion
Good work, keep them coming mate!
YMGroup
My bias is mixed right now to be honest!
KlejdiCuni
Very detailed work as usual. Thanks for sharing
Michael_Winner
High quality eurusd stuffs, keep on the good work!
DeGRAM
Thank you for sharing your analysis. Great job!
More