Good evening traders,
This week we expect a bullish momentum on EURUSD .
Our first target currently on EURUSD is teh daily target (1.0080). If price retraces to our entry, we would be buying EURUSD around 0.99579. If not, we will wait for the target to be accomplished and enter a potential sell around 1.0080 with the further confirmation.
Also notice how long it took for price to drop comparing to how quickly the price is rising. This suggests that large institutions and banks (Non commercials) are absorbing buys. The COT data also shows the long positions added by non commercials last week and the short positions reduced suggesting institutions and hedge funds are now buying EURUSD
We will update as price moves
This week we expect a bullish momentum on EURUSD .
Our first target currently on EURUSD is teh daily target (1.0080). If price retraces to our entry, we would be buying EURUSD around 0.99579. If not, we will wait for the target to be accomplished and enter a potential sell around 1.0080 with the further confirmation.
Also notice how long it took for price to drop comparing to how quickly the price is rising. This suggests that large institutions and banks (Non commercials) are absorbing buys. The COT data also shows the long positions added by non commercials last week and the short positions reduced suggesting institutions and hedge funds are now buying EURUSD
We will update as price moves
Comment:
TP Hit 1:4 RR
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Trade posted in the channel earlier today