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EURUSD is above the 100 Hour EMA in the hourly chart. As the uptrend is unbroken, the bullish may continue till price reaches 1.18.
The rectangular area that I have highlighted in my chart could be a potential Buy Zone.
However, if price breaks this area, then we can say that the uptrend has been broken.
The rectangular area that I have highlighted in my chart could be a potential Buy Zone.
However, if price breaks this area, then we can say that the uptrend has been broken.
Comment:
As expected, EURUSD went up to 1.18
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I think that we are currently overextended on eurusd, hedge funds have more than 200k longs on it, and a profit taking should be near, anyway we still don't have any bearish price action on h4
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@transparent-fx, yes I hope, profit taking will wait for more profit, so, buyyer are in control, when ever buyyer Take their Profit, so buyyer power in market will become weaker and weaker, then seller will come to action
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Thank you for sharing your knowledge and experience with us! Thank you and for free signals!
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