Jollymolly

Eurusd Buy Setup for 1.188 and 1.20

Long
FX:EURUSD   Euro / U.S. Dollar
Stop @ 1.171
Target towards 1.186, 1.188 and 1.198

Comment: stops at breakeven!!! fall from 1.183 under 1.18 would be bearish!!!!
Comment: closed at 1.1885.. buy on dip again!!! or sell at 1.1901 for 1.183 tp..

Comments

If the daily candlestick is DOJI today, the sentiment could turn bearish. Overall long term is still bullish when you look weekly and monthly charts. Thanks for sharing your ideas.
Reply
Jollymolly intelwize
@intelwize, Profit taking is not over yet in eurusd and usdchf again made a new low.. Retracement is due but i still thing its not over yet.. If you see last surge of euro for 1.25 then you will find similar price action and it ended close to 1.20 and from there a major retracement towards 1.17 and low was taken.. and for euro tomorrow is last day of month and it is still trading nicely above 1hr and 4hr 20 ema.. it touched 4hr 20 ema and head up.. so i think move towards 1.20 is still on cards.. Problem with euro is.. if it falls then it falls hard.. and if it rise then it goes for good rise.. Dollar weakness is not over.. usually after fomc currencies fall and then that top remains for a while.. but euro taken out that top today.. so i think move towards 1.20 possible!!! for short term 1.186 and 1.188 is very likely..!!!
Reply
Jollymolly intelwize
@intelwize, tomorrow some profit taking will place... if there will be no break of 1.185 then euro can dump down..!!! but i think a move towards 1.191 as it did last time then fall... lets see
Reply
intelwize Jollymolly
@Jollymolly, Thank you for breaking it down. Let's all hope to make some green :)
+1 Reply
Jollymolly intelwize
@intelwize, eurnzd under 1.78 can go 1.745 and euraud under 1.656 can visit 1.615 again!!! so interesting levels... and eur now is at resistance levels..
Reply
Jollymolly intelwize
@intelwize, euro went exactly.. like it did at last time.. i mentioned you 1.191.. and from there sell.. now if it clears 1.18 then all the way.. 1.175 and below.. and if it holds 1.18 then towards 1.20..
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