MuddassarH

EUR USD Where will price go ? Here is my projection

FX:EURUSD   Euro / U.S. Dollar
No doubt you will agree with me that EUR USD is looking extremely Bullish at the moment, but how long will it last?
My expectation is that price will hit the 1.13-1.135 area highlighted, then look to turn around from there.
Smartmoney took out and grabbed the liquidity ($) from the late March highs as expected after taking the highs out from April and May.

I do not expect into take out the High of Mid march the institutional candle highlighted should be respected and may get a reaction at the wick or open.

Looking to go short once price action shows is tell tale signs of reversal and looking to ride the trend down making big profits along the way.

This is naked chart analysis, pure price action with zero indicators. Want to know how to trade with an edge ? Get in touch, always happy to help.

Comments

On the daily time frame looking now Smart money has just tagged the daily institutional candle that I highlighted and reacted beautifully off from it ! If you were taking and buy entries like me today you would have been some good returns.
Reply