EURUSD: Three Targets Swing Buy, One Entry! **EURUSD ANALYSIS**
🔺The daily timeframe suggests a strong bullish price trend is likely to continue. After hitting some important levels and then reversing, with a big push from bullish volume, we expect the upward momentum to keep going. The lowest point of the day was at 1.1474, where the reversal happened and they broke through the main bearish trendline. Then, they tested 1.1510 again, and things have been moving up steadily since then.
🔺Looking at the basics, the US dollar might keep losing value, mainly because of what’s happening with Venezuela. This could hurt the US dollar but help the euro and other metal prices.
🔺The *Blue Marked Zone* is where we think it’s a good time to buy, and we reckon there’s a good chance of a sharp price change with strong buying pressure. We suggest setting your stop-loss order below this zone.
🔺We’ve set up three different places to make a profit, which you can use in your trading plan. When you get to the first profit level, it’s a good idea to close some of your position and move the rest to the second level. You should do the same thing for the last time you enter.
🔺If you find our work helpful, please like and comment so we can share more. We wish you all the best with your trading and really recommend making sure you have good risk management in place. Also, we suggest doing your own thorough analysis and using this information just to learn.
Team SetupsFX_👨💻📊❤️
