Petr Suchanek

EUR/USD SHOWING STRENGTH

FX:EURUSD   Euro / U.S. Dollar
602 1 3
Now it really depends on how Euro             reacts to this important pivot . Today I offer two scenarios, one for long, one for short.

LONG SCENARIO:
The price is now re-testing 1.3878 and provided that Eur remains strong, it will reverse up and head for another pivot at 1.3900. Traders should look for any sign of strength in the current pullback to join the pair in the upmove.
SHORT SCENARIO:
The price might also fall down significantly below 1.3878, I assume that a retracement to 1.3850-1.3860 might be that sign of weakness needed for this scenario. Then I would wait for a re-test of 1.3878, which is a high potential entry level for a short trade. In this case Eur might fall to 1.3800.
snapshot
maybe
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out