TomHall

EUR.USD - Technical Breakdown

FX:EURUSD   Euro / U.S. Dollar
The EUR.USD is one pair on my watchlist into next week.

We have now seen price run into a strong resistance and psychological level at 1.0750 which dates back to 2015.

If we see a break and retest of 1.0750 i will be looking for opportunities to take this pair long back into trendline resistance dating back to 03.05.2016

If we see a strong reversal signal on the Daily & 4hr TF i will be looking to take this pair short looking to retest 1.0550

I will be updating this pair throughout the week.

Comment:
Comment: Monthly pattern outlook.

Comment:
Comment: A break and close above 1.0795 will be hugely significant.
Comment: Although we have seen a strong bullish moving pre London, we are now starting to form bearish RSI divergence.

Comment: 4hr H&S formation

Comment: Pending order now in place.
Comment: Breakout has occurred, depending on market close we will be looking to take this pair long this week.
Comment: Daily Pattern outlook.

Comment:
Comment: A perfect break and retest of 1.0750, i will be looking to take this pair long into this evening.
Comment: Buy stop order now in place.
Comment: Could this be the breakout we are looking for?
Or a false breakout / bull trap.

Our pending orders are still in place to take this pair long.

Comment: Trade now live.
Trade closed: target reached: Target attained.
Comment: Updated chart setup on the 4hr and Daily TF's

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Tp reached, another great monday! That gap plus the upmove.. So nice
+1 Reply
TomHall Klassix
@Klassix, It's always a great start to the day :-)
+1 Reply
you buy or sell
Reply
TomHall MuhammadMalikc2
Reply
Hey Tom!
Are you looking to take this pair on both long and short positions?
+2 Reply
TomHall Supertechpro
@Supertechpro, Hi,
Just long if it meets my rule to do so this evening.
+2 Reply
But 1.0750 was't broken yet
My be you mean 1.0790 ?
Reply
@Yakir, Hi, price has broke and closed above the 1.0750 level.
Reply
Yakir TomHall
@TomHall, understood
Sorry
Reply
@Yakir, No problem at all, have a good day.
Reply
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