Petr Suchanek
Long

EURUSD NEAR-TERM LONG SCENARIOS

FX:EURUSD   Euro Fx/U.S. Dollar
358 0 4
SCENARIO #1:
Since Euro             breached 1.3822, which was a significant resistance, we can play a simple bounce off of this level, which has become a support now.
A clear bounce might be a confirmation of strength continuation and then the price might head towards the major resistance at 1.3968.
This level should be also an ultimate target for this long setup.

SCENARIO #2:
Based on the assumption that Euro             is strong, a nice opportunity to go long is also at 1.3750, which is also a 61.8 Fibonacci level of the upswing.
Then, I would definitely define the target at 1.3868 – High of the swing.

SCENARIO #3:
Even if Euro             retraces to 1.3666, which is the LOW of the swing, still it might be an opportunity to go long off that level.
In this case the target might be 1.3822. But be catious. If the price closes strongly below 1.3666, it might be a time for the bears then.

Petr            
YouTube Channel: http://bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: http://bit.ly/1qaZNHk
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out