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Jun 18, 2021 11:04 PM

EUR-USD Structure Analysis! Where To Buy? Long

Euro Fx/U.S. DollarFXCM

Description


Hello,Traders!
EUR-USD
seems to be in a free-fall
Which to me is an overreaction to the FOMC meeting results
And looking at the 1D chart of EUR-USD I see 2 potential reversal levels
One,being the low of the previous move down at 1.171
And the second one-a massive structure support at 1.161
The first one is newer, the second one has two touch-points
Thus both are likely to stop the fall and produce a bullish correction
Which I think will be strong and rapid
So we are waiting patiently for the pair to reach any of the two levels
And then we will be looking for the reversal signs before jumping on the correction bandwagon
Buy!
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Comments
manojg
It is near 78% fib level. Hopefully, it will retrace next week.
MartinDupont
thanks for your analysis. good job
UnknownUnicorn4127247
Exceptional work, thanks mate ;)
yangpro6
I think JPY will have correction soon and risk reward of EURJPY should be better than EURUSD in short terms
TheSignalyst
waiting for this zone too;)
InkyGrip
+++ Great technical set up 🦐+++
MMBTtrader
have same idea

well done
SUPERGENERAL610
I would assuming the 1.17118 support would be a strong rebound area... For a 50% retracement... The Down trend is unstoppable this week... This crash drag alot of the crypto down also... It should bounce from 1.17118 back to where your target 1.18440 then Continue back down to next support at $1.16100👍 curious to see how this plays out 🤔👌extremely bearish this week🐻🐻🐻🦥🦥🦥
TopTradingSignals
Agree?
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