EURUSD broke out of the ascending channel.
The market broke and closed above the major resistance level of 1.0000.
Price action is making higher highs and higher lows, indicating a bullish trend.
We expect a retest of the major resistance level.
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As I argued in both written and video analysis, there is a high chance of a reversal in EurUsd's case and 1.02 with 1.0350 in extension could be the target for this correction.
Indeed, yesterday EurUsd touched the 1.02 zone and we may ask ourselves "now what"
In my opinion, the 1.0350 zone will be reached in the medium term, but from a risk: reward point of view,...
eurusd tested 1.0185 strong trendline resistance area high of 13th September 2022. if usd dollar reversal as a bullish from its 13th September trendline support area then possible short eurusd from mentioned resistance area. Supply zone 1.0185-1.0210. stop loss: 1.0215. target: 0.9950, 0.9860 & 0.9780.
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We are going to discuss about OANDA:EURUSD
We can see formation of head and shoulder...
EURUSD is trading in the ascending channel .
Price bounced off the resistance level that was respected before. Look left.
We expect a retest of the support level.
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Price make a nice movement by hitting the resistance line and bouncing back to bearish, i’ll take a trade in EU, if you wanna take a trade to, always took your money management!
EURUSD is trading in the ascending channel .
The market is testing resistance level and upper border of the channel .
If prcie rejects the resistance level by creating a false break, then it is likely to test the support level .
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Personally, looking for a continuation to the upside during the London/NYSE open. I have a BuyStop at 1.01000 (with a 50pip SL at price 1.00500 & a 100 Pip TP at 1.02000 at an old key level risking only 3% of my capitol).
2 profitable days straight as the week have kicked off. LET'S GOOOOOOO OANDA:EURUSD
The market tested the lower border of the ascending channel and bounced off of it.
The market broke and closed above the major resistance level of 1.0000.
We expect a retest of the major resistance level .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Here is my view for EURUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
So for Eurusd it broke above my 10% so at the moment i am waiting for a retracement then i will go long for about 80-90 pips to my tp zone hope this helps :)
it probably wont retrace till the daily candle closes and the new daily candle should hit
