Q1 2018 Outlook

This is what we are seeing at the moment for EURUSD pair.

We are currently holding short position for shorter term with TP at 1.194.

If bulls show presence in S1 area we will be looking for long positions with 2 TP areas :

- R1 area : 1.206 - 1.209
- 1.225 area

If we see a break above 1.225 area, then we will enter another long position for retest of a monthly downtrend line at 1.255-1.26 zone.

Let's see how this plays out :) Good Luck!

Comment:

This is how the pair looks on Monthly chart.

Comment:

TP 1 reached. Now, let‘s go up :)

Comment:

TP 1 for upward movement, almost reached. Correction to 1.2030 expected, if the support holds there we could add one more long position.

Comment:

Uptrend TP1 reached :) The pair made IDEAL correction to 1.2030 and bounced back to our TP :) Now waiting to break resistance at 1.2065 and continuation to our second TP.

Comment:

3rd target hit!

What a way to start the week! Let‘s wait for some correction then we will be looking to enter one more long position all the way to the monthly downtrend line.

Comment:

We got bullish breakout, let's go to 1.25 now!

Comment:

WooHoo! 1.25 is there. Thanks Draghi! :)

You could close half of your position and wait with the second half for the retest of downtrend line at 1.265-1.275 zone.