DollarsNSense
Long

SLOW DOWN, YOU MOVE TOO FAST

OANDA:EURUSD   Euro / U.S. Dollar
well the pullback simply didn't happen yesterday, preventing any entry on EUR/USD . Not that uncommon when one team (Bulls in this case) gets a sniff after a run against them and certainly, they HAVE a sniff. Now 270 pips strong, this momentum shift (read potential reversal), is looking serious. That said, the confluence of 1.1600 and Resistance Trendline seemed to have an effect late in US Session yesterday and retracement today, looks a decent prospect. I'm hopeful that with it, comes the formation of a significant Higher Low, from which I can find a Long entry with an upside target of 1.1705 and 1.1795 in extension. I suspect however, deeper retracement to 1.1500 might be a more likely scenario. Either way, a Higher Low still tweaks my interest.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out