LADEEc57
Long

Momentum Building for Next Up Leg

FX:EURUSD   Euro / U.S. Dollar
41 3 3
FX:EURUSD             2 hr             time interval suggests price action readying for a break out into next quadrant above the medium term downward sloping trendline . In the interim, algorythms will try to stop hunt long stops on the way down towards support line of 1.1291 and possible retest of upward sloping trendline represented in blue on this chart. A breach at this level may take it down back towards 1.1188, but this is on the worst case outcome. For now, targeting 1.1600 level over next few trading sessions.

have a feeling that price might just bound back from the present level
Reply
LADEEc57 AkashGaur
I concur, momentum will gain traction as other commonwealth show more resiliency : AUDUSD, USDCAD
Reply
AkashGaur LADEEc57
yes I agree. Lets see how this plays out, Best of luck
Reply
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