Razvan

EURUSD - Bearish signals, Bullish hunch

FX:EURUSD   Euro Fx/U.S. Dollar
481 5 7
The signals are pretty bearish on the short run for the EURUSD             , from my objective opinion. meaning that another drop of the euro             could be done near 1.3560 again. But my hunch tells me that it is a good chance for the Euro             to break today 1.3630 and rally towards 1.3670/1.3700. We will have a better view near the NFP, and the best after the publication of this economic data. What do you think? What direction would you chose?
R6B8 PRO
2 years ago
The rejection of yesterdays low was rather bullish, I'm looking for a reverse H/S, targeting at least 3680. From that area I will look for bull weakess to go short on
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StamatisMakris
2 years ago
I agree with you that the signals are bearish across the market which gives me a reason to be bullish! Definitely we will have a better understanding after the NFP but if i had to chose a direction i would chose long for the reasons i highlighted on the daily chart. The risk to reward for a long trade seems to be favorable as well
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Wisam Adil
2 years ago
the NFP will drop the price to 1.35400 and then rally to 1.36700
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Razvan
2 years ago
The bearish signals worked on the short run, but my hunch was pretty good too. NFP dropped to 74k but the unemployment rate dropped to 6.7%. The first reaction was on the nfp but everybody knows that Fed looks after the U.R.
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krystianfx Razvan
2 years ago
very good:) bravo!
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