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.
PolarSolar PRO
2 years ago
Which conditions wanted for 1.20?
TradeApe PRO PolarSolar
2 years ago
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.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out