Drecocpt_

EURUSD: The Rise of the EUR Calvary"

Long
OANDA:EURUSD   Euro / U.S. Dollar
Since Last month, the EUR has been rallying in the underworld' Not anymore they said! After gaining their "Independence" at the breakout of the Down Channel at 1.17858' however this race will be disturbed by the US "infantry" I see a nice supply zones on the chart(1.19500 and 1.19900) The first supply zone which I think won't hold is 1.9500, But if this is able to resist the EUR from riding, then we will see a retest to the Demand zone(1.8400). At this point, we will watch out for a trigger to go long, we hope to see a nice candle formation like the bullish Engulfing and other patterns. Stay tuned, like and follow for more nice ideas.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.