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junoooo
Jul 19, 2018 11:34 AM

EURUSD - Bullish Cup - Long Long

Euro Fx/U.S. DollarFXCM

Description

Hey guys!

Today again a closer look to EURUSD where my last TA was not so profitable like expected ... hope you took small profits.

My opinions is, that a bullish cup will be formed.

As u can see we got a Strong support area around 1.155
When cup formation will proceed, we can set targets @1.18 and 1.195

Happy trading!

!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Feel free to contact me private for further details or just chatting. Regards

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waiting for breakout ... some sidewards daytrading
Comments
InvestingScope
Thank you for your view. Based on 1W the upside is limited to 1.1850. This is our view (neutral/ bearish):

mortdiggiddy

Good work. Fork holding. Note comments of DXY and EURUSD range for the year.
freedom15
Great chart! As DXY topping Euro will rise. Simple but why it is a semi CUP. I think it is forming a full CUP here. Cheers!
junoooo
@freedom15, You are right ... i just painted the half ... thought the way would be obvious. Next time i will do better.
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