USD Gained a lot from GBP bad news. Causing EURUSD to fall hard last week but i think it has reached it's peak and ready to reverse. Currently on a strong daily/weekly support will investors buy or will USD keep falling? lets see how this plays out.
Sell this pair after a confirm breakout
we have good opportunity to enter this trade for low risk and high rewards
guy if u like our idea support us
we appropriate ur likes and comments
follow us for more updates
A Breakout of our Bullish Pennant incites uptrend tendencies. However, it is worthy to note the Key level @ 1.12550 - a Support level that appears to be significant within the Rectangle.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Pennant | Rectangle | Support & Resistance
Observation: i. Since Price tested Support within the...
The pair is above 1.1345, after Thursday’s surge following the ECB's financial coverage assembly and the regulator’s sudden resolution to increase the stimulus measures by nearly 2.5 instances. If right this moment’s US employment knowledge is healthier than anticipated, this may occasionally result in an area decline of the pair, prone to be adopted by resumed...
EUR/USD could potentialy raise but it could also fall. We have to wait a little bit more for confirmation and see if it breaks level and might test trend line and breaks it too
It could also test the level and pull back
Good luck in trading
Go brief following a bearish value motion reversal on the H1 timeframe instantly upon the following contact of 1.0836 or 1.0887.
Place the cease loss 1 pip above the native swing excessive.
Regulate the cease loss to interrupt even as soon as the commerce is 20 pips in revenue.
Take off 50% of the place as revenue when the worth reaches 20 pips in revenue and...
This pair looks like it wants to move higher. We will be waiting with our VIP members for the right price action. If all our rules of the strategy will be satisfied, then we will be taking nice long with good risk to reward and probabilities for a nice push to the upside.
EUR/USD looked very bearish after rejecting the resistance of descending triangle, but then price just broke through it like the trendline wasn't even there so right now expect some of bullish continuation.
This is my brief analysis of EURUSD.
The ideal pattern I'm looking for is the ascending channel. So I'm waiting for the third touch at the top.
It may get all the way up to the trendline or a bit shorter and make a "mini" double-top. This is what I
think it is the most Probable.