A look ahead in this EUR/USD Mid-Week Analysis. The Bulls have been making a strong effort to continue this upside trend and target the 1.1100 zone. The long term perspective looks bullish so we'll have to see how we finish out the week especially with NFP this upcoming Friday.
Trade Safe and Manage your Risk.
A quick analysis pre-FOMC. As this week get's off to a jam pack economic data spree, volatility or market direction will be important to watch going forward. For a technical view, please refer to the analysis image posted on January 27th.
So price got messy and didn't respect the push up we simply got a pump and now price is back in a much easier zone. The next level ill be watching for buys is 1.69400, if we see rejection from here once more ill be look at taking advantage for a long back to 1.7 at least.
Traders,
The time has come. My first trades for my public-facing portfolio have been triggered. I will cover the first trade in this video and why I entered it as well as overall market analysis. To receive ALL of my trade alerts you'll need to (against house rules). All trade alerts will go out to everyone until I can prove success.
Best to you all!
- Stew
Just observing this push down through one of my noted resistance of importance. Of course id love for this to be the big one. The belief had to be there before it could make such a move, it has to push against belief as hard as it can to get the build up of energy to drive this over that 70 k zone. I think the gravity will be different in that level of atmosphere.
