So far a my sentiment for this pair has been fairly accurate and I have been basing off my preferred trading strategy incorporating News, fundamentals, and technicals.
The levels of support and resistance I have mapped out above the 1.19990 level become psychological levels that have strong support and resistance rejections/breaches that can be strongly correlated to the pairs history in this zone.
The continued forecast I have mapped out is based off the end of 2017 beginning of 2018 trend that reached a target of 1.25000 which will be my ultimate target. To add to this sentiment, the trend we are seeing at the end of 2020 is accelerated comparatively.
The next retest point is 1.23000 and we will see a pullback with continuation to 1.24000 followed by consolidation and a final push to retest 1.25000. Given the acceleration of this trend based off time period we may see a push through 1.25000 to reach previous highs.
If you have the time back track to 2017 and 2018 to observe the pattern and correlated to my sentiment. I have attached two previous EURUSD one of which was spot on price action.
Thank you for taking the time to check this out please comment with thoughts and ideas.
The levels of support and resistance I have mapped out above the 1.19990 level become psychological levels that have strong support and resistance rejections/breaches that can be strongly correlated to the pairs history in this zone.
The continued forecast I have mapped out is based off the end of 2017 beginning of 2018 trend that reached a target of 1.25000 which will be my ultimate target. To add to this sentiment, the trend we are seeing at the end of 2020 is accelerated comparatively.
The next retest point is 1.23000 and we will see a pullback with continuation to 1.24000 followed by consolidation and a final push to retest 1.25000. Given the acceleration of this trend based off time period we may see a push through 1.25000 to reach previous highs.
If you have the time back track to 2017 and 2018 to observe the pattern and correlated to my sentiment. I have attached two previous EURUSD one of which was spot on price action.
Thank you for taking the time to check this out please comment with thoughts and ideas.
