3 AIL targets from the prior update have been reached in quick succession and are denoted as BE. Note that although the VAIS 2nd target did not reach to the pip, this is an example of a frontrun for which eurusd is famous. We consider the target reached in cases such as this and all experienced eurusd currency traders are well aware of this behavior and trade accordingly, as we have noted in other published analysis.
At this point there are a number of shorts levels being sold, namely AIS and the longer time-frame trades identified and explained in prior published analysis. We have identified the AIL 4th target and two targets for the AIS. The prior tested 1.28 level is the VST long support that will be closely monitored if retested, as identified in the comments section of this chart /www.tradingview.com/v/6JUouvlA/.
Intraday down TL has broken to the upside but TLs are frequently tested and retested and it is not unusual to see price alternate back and forth over the line. Any perceived important news can propel eurusd out of this range very quickly so it is very important to accurately identify and monitor price action at the proper reaction levels.
Entry and target levels are price sensitive and no attempt is made to identify the time element for the trade, only price. We furnish time analysis only for our clients.
At this point there are a number of shorts levels being sold, namely AIS and the longer time-frame trades identified and explained in prior published analysis. We have identified the AIL 4th target and two targets for the AIS. The prior tested 1.28 level is the VST long support that will be closely monitored if retested, as identified in the comments section of this chart /www.tradingview.com/v/6JUouvlA/.
Intraday down TL has broken to the upside but TLs are frequently tested and retested and it is not unusual to see price alternate back and forth over the line. Any perceived important news can propel eurusd out of this range very quickly so it is very important to accurately identify and monitor price action at the proper reaction levels.
Entry and target levels are price sensitive and no attempt is made to identify the time element for the trade, only price. We furnish time analysis only for our clients.