Description
⋅ My basic Daily chart analysis on the EUR.USD
I will be looking to take this pair long into next week targeting 1.0750 if it meets my rules to do so.
I will update this chart on multiple timeframes to give a better insight into what i am watching.
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⋅ 4hr outlook as we run into minor resistance.
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⋅ This is a great example of analysis playing out as expected, however we never got an entry to take this pair long.
Sticking to your rules is always more important than quick profits.
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⋅ Price now at 1.0750
I am unsure if we will see a reversal or a continuation, time will tell towards the end of the week.
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⋅ 1.0900 looking like a level where we will see resistance.
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⋅ I am now awaiting a reversal setup on the Daily, 4hr and 1hr TF's to take this pair short.
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⋅ What i am looking for next.
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⋅ A break on the daily TF.
Pullback which will conform with the current 1hr chart setup.
Looking to take this pair long into this evening.