EliteOtaku

2023-03-21 EURUSD intraday short

Short
EliteOtaku Updated   
FX:EURUSD   Euro / U.S. Dollar
As I mentioned yesterday, eurusd was stopped by 1.073.

During Asian session, it might drop back to 1.063, let us wait till Euro session and watch, maybe the data would hold it.

Comment:
EU still stopped by 1.072, so expect to drop to 1.067 before NY session.
Comment:
EU bounce to 1.0737, lets watch for the closed price of H1, if below 1.075, it would be smarter to wait till NY session.

The bear target is 1.0683 now, weekly key pivot is 1.066-1.068.

Above this level, EU could go higher in this week.
Comment:
You can continue to hold short orders around the euro 1.073, but the target may not be 1.0683, it may be lower, to 1.063, wait for the US market to watch.
Comment:
put SL 1.076, if EU drop below 1.07, it would go to 1.063

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.