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technicalwhale
Jun 9, 2020 6:30 PM

EURUSD multiframe analysis 

Euro Fx/U.S. DollarFXCM

Description

Hello Trader, Here is the full analysis of EURUSD:
1) Monthly - No significant price action found.
2) Daily - There is a retracement upto 23 and expecting it to test 0.38 and 0.5 fib levels.
3) 4hourly Prices are moving between 1.1345 and 1.2686 levels

Action
Expecting a fall upto 0.38 and 0.5 fib levels because of very big impulse and we can see short selling upto this levels. 1.1192 and 1.1127 levels are crucial and one can look for long in this range.

Technical Indicators:
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish

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Feedback :
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Note: This is purely for educational purpose.

Comment

As expected Prices are testing 0.38 level.. A free fall from 1.4000 levels.. Hope this analysis helped you
Comments
kweelulaay
nice idea great
technicalwhale
@TraderKwee, thanks
technicalwhale
@TraderKwee, hope you are following me
gaitondeog
i take a long at 1.13457 should i takeit or close it
technicalwhale
@gaitondeog, bro always keep Stop-loss and wait for next price action. See if it can sustain the current fibonaci levels.
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