EURUSD setup is fairly simple. There may be early indications for USD weakness prior to the Fed monetary policy. Based on the daily chart the price is expected to target 1.1044. The lower support may be re-tested (around 1.0980) when the monetary policy is released but is expected to hold.
The analysis is intentionally kept short and simple.
Hello my dear friends,
AUDUSD currently show lag of bearish momentum which suggests that we will see a reversal the forthcoming hours.
Buy market @ 0.68543
Stop-loss @ 0.6833
Target 1 : 0.68814 -- R/R ratio: 1.27
Price broke a long term Head and shoulders pattern like 2 weeks ago and right now we can see how today it went right below previous low that lines up with multi day support (now resistence) so if daily maanage to stay below the 1.0815 area we might see a new drop to the 1.0750
Price may be in Pull Back and earlier support may act as resistance around 108.480
We are waiting for Price Action at 108.480 for the short side with SL 109
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Price has reached the top of that monthly TL that lines up with the monthly PRZ and if we zoom in we can see how price has rejected that area leaving multipel daily wicks below that 141.50 area so right now in order to go short i must see a break and close below the 4h 61% level (ill post the 4h chart in the comments) very simple but could give us a 800 pip trade...
Well seems like price has finally leaving that long weekly/daily range where it has been holdin for 3 weeks breaking the desceding TL (top of the flag ) breaking and closing in the daily tiemframe above the key level of 1500 forming a new high right abvoe the strong FIB MP of 61% and 38%if price keeps above 1505 we might see a push to the 1520 area