TradeApe
Long

EURUSD Daily Analysis - Long but waaaaait a second...

FX:EURUSD   Euro Fx/U.S. Dollar
The daily trend is pretty bullish with DI+ above DI-. DI- is ridiculously low.

Given the multi-day rise, I'm expecting at least a bit of a pullback. I'm looking for long re-entries at 1.115 and 1.1. If it drops below 1.1, DI- will likely have crossed the 20 level to the upside again and I'd have to revise my view. A break of 1.085 would confirm a short trend.

I'm expecting a bit of a pullback but for now I'm looking for cheaper entries long and not short entries. So while my bias is long, I'm not suggesting entering a long right now is the best option...get in cheaper.

Upside targets include 1.15 and higher towards 1.20.
Which conditions wanted for 1.20?
Reply
TradeApe PRO PolarSolar
I don't trade based on fundamentals, so no clue what could trigger it going that far.

Those are just some levels where price historically stuck around for a bit, so if the trend continues to the upside, they might end up being good reversal or take profit points.

As long as the daily momentum is long (as in, DI+ above DI-), I'll look for long opportunities.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out