Synapse

EURUSD - Buy/Sell Opportunities

FX:EURUSD   Euro / U.S. Dollar
213 2 12
Greetings Fellow Traders,

EURUSD             had quite the movement last week, with a well defined move above the key 1.1065 level that was already identified. Buys were sought near this level and for pretty much anything under 1.11000 as long as it continues to hold. The move to 1.08 area before the massive surge on the daily scale buys the EURUSD             time to decide which direction it will pick longer term, but most of us are more interested in the near/medium term directions.

I continue to advise for buys near 1.1050-1.11000 as a baseline - Structure is there to support this move - but EURUSD             needs to commit to it as well. It needs a 4 hour or Daily close above the Current Consolidation Strength shown. This commitment would give significantly more momentum to the bulls to see 1.12-1.13 or potentially higher.

Bullish traders however cannot ignore the Bears - A daily close below 1.1050 is likely to be seen as a Bullish Failure to defend the key technical level. Should this occur sells will be highly favored to the newly adjusted long term strength near 1.0850-1.0900

Keep an eye out for which direction it commits to, and trade with it.

Feel free to comment/like/follow.
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