FX:EURUSD   Euro Fx/U.S. Dollar
637 13 11
EURUSD             is trading sideways. 1.1180 proved to be stronger than I was expecting. A break below the local support would signal a drop towards 1.1070, while a break above 1.1140 i believe would signal a rally to 1.1180.

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omar_bortolussi
2 years ago
yes...i think the same if price not broken 1.11200 will be signal of trend terminated and start reversal is what look now happen is graphic 1 hours 2 bars green is reversal
+1 Reply
omar_bortolussi omar_bortolussi
2 years ago
i extend Fibonacci target probably 1.1180 1.2060
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Razvan omar_bortolussi
2 years ago
to 1.2060 you have 900 pips, did you mean 1.12?, i mean for this time frame
Reply
omar_bortolussi Razvan
2 years ago
yes sorry 1.1180 1.1200 but now my idea is confused why is going down my resistance still 1.108 old level resistance/support and Fibonacci 1.1050 from 1.065 to 1.2220
Reply
Razvan omar_bortolussi
2 years ago
1.11 i think could be a good support on short time. I don't really know the fundamental reasons for the drop...we will find out if there are any.
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omar_bortolussi omar_bortolussi
2 years ago
sorry again not 1.2220 1.1290 i think to far 1.2220
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Razvan omar_bortolussi
2 years ago
its ok :)
Reply
Razvan
2 years ago
Target hit!
Reply
omar_bortolussi Razvan
2 years ago
yes.....compliments for your analysis
Reply
Razvan omar_bortolussi
2 years ago
Thank you very much!
Reply
omar_bortolussi omar_bortolussi
2 years ago
u believe down trend is continuous?
whats is your next target?
Reply
Razvan omar_bortolussi
2 years ago
i posted a new analysis -
EURUSD - Targeting 1.1000
Reply
omar_bortolussi Razvan
2 years ago
ok...i see
Reply
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