vikinsa

EURUSD Trading Plan Update

FX:EURUSD   Euro / U.S. Dollar
Traders, ERURUSD Fell From Monthly FCPZone and that we could see in the DXY (Dollar) strength. But as this pair has been in upward move for so long time, it is not going to simply fall down. Right now it is planning to consolidate and it is sitting on a major monthly Fibonacci support. There was a fake breakout but it recovered and now if this starts to move upwards then follow the upward arrows and horizontal lines ( support and resistance ). However if this current level is broken then we have better lower levels.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

you are making a good point
+1 Reply
vikinsa abel11
@abel11, Thanks :)
Reply
Thanks Vik, great insight as always. Waiting for DXY to pop at the moment but time will tell!
+1 Reply
vikinsa conormcgurk1
@conormcgurk1, Thanks 😀 I am glad you found it useful. Yes it is a matter of time.
Reply
I am more into the bearish scenario. How about you?
+1 Reply
vikinsa TheSignalyst
@TheSignalyst, Bearish but will need a confirmation
+1 Reply
@vikinsa, perfect ;)
Reply
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