EURUSD has been on the rise after finding support at the 1 month demand zone, due to Feds signalling a rate cut by July.
The long term view for EURUSD is bullish so if price can retrace back to H1 resistance turned support at around 1.127 it would be a good entry price for buyers.
Precautions to be taken as ECB has also signalled for quantitative easing.
EURUSD has a weak fundamental background but technically (that i see on the chart) is good opportunity to break resistance. But before it will do it need to wait for pullback to broken trendline. At this point stoploss is shorter and risk reward is better.
Price is still floating under the EMA in the downtrend. We are still looking bearish on this pair. Wait for the push to the resistance level before making any decisions on entering this pair. I will only enter this after the retest on the 4H Timeframe.
Potensi EURUSD dalam perdagangan dua arah, dengan menggunakan base candle. Dimana Base Candle 1 menjadi level pertama untuk entry posisi Sell Maupun Buy. Dengan target posisi sell berada pada base candle 3 dan target posisi buy berada pada base candle 2.
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
