TradingView
RaynLim
Jul 10, 2022 2:42 PM

EURUSD-Weekly Market Analysis-Jul22,Wk1 Long

Euro Fx/U.S. DollarFXCM

Description

Trend traders could wait for the market to retest on the upper trendline of the bearish channel for a shorting opportunity.

Counter-trend traders could wait for candlestick pattern confirmation to long EURUSD based on the Bullish Deep Crab Pattern that completes at 0.9928. However, long at 0.9928 means that Euro went off parity with the Dollar and that might invalid the Deep Crab Pattern should the market break and close below 0.9928.
Comments
RayCharles
0,99 is a big support - if it breaks ;
Add the end of Russian gas -Germany plunge into recession
Euro will slide even more
RaynLim
@RayCharles, this is something I won't deny and that is why a retest is important before rushing in to buy
RayCharles
@RaynLim, Wait for next week ;
if russia keeps on repairing their gas turbines for a longer time , you can short € + DAX
More