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basictradingtv
Jun 14, 2023 7:33 PM

EurUsd -> Reversal Completed Long

Euro Fx/U.S. DollarFXCM

Description

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.

On the weekly timeframe you can see that EurUsd just recently perfectly retested and is now rejecting a quite strong bullish trendline exactly at the $1.07 level.
You can also see that weekly market structure and moving averages are bullish, EurUsd also just once again retested support at the $1.065 level so from a weekly perspective I simply do expect more continuation towards the upside from here.

On the daily timeframe you can see that last week's analysis which is linked below perfectly played out and I am now just waiting for a retest of the neckline of the double bottom at the $1.077 level before I then do expect another impulse towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
Comments
DeGRAM
Well done mate
basictradingtv
@DeGRAM, thanks!
melikatrader94
Now is an important price zone for the development of the trend.
basictradingtv
@melikatrader94, yes, indeed!
Cryptoforexmarket
Nice
basictradingtv
RLinda
The idea is good, but we still need to wait for confirmation, so don't go into it now.
basictradingtv
@RLinda, appreciate it!
MonoCoinSignal
Thorough research and analysis presented through visually engaging charts and supporting information!
basictradingtv
@MonoCoinSignal, thanks buddy ;)
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