Lately on eurusd the price was heading for our area of interest which is our internal range liquidity, where the market will reverse to the upside @1.19000
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
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EURUSD Seems to be making a cup and handle formation, with the stance of the FED currently and my previous DXY post, which is posted below we could look to buy this retest and aim for Equal highs and higher. Look for the move to develop from here.
EURUSD is starting BULLISH trend Bearish Trend then Bullish divergence appear on RSI then trend getting start reversal and printed first HH and HL wait for one more bullish candle at entry price then take entry.
if we look at the daily and 4h timeframe we are bullish. price has made a nice break of structure on those timeframes and left a poi where I want to look for a buy position
New Year, New Opportunities with EUR/USD! 🎉📈
buying opportunity in the green zone - be patient looking for confirmation on lower time frames. May your New Year be full of pips galore.
Good luck and trade wisely
It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue...
There are two potential long setups on EURUSD. If the dollar continues its strength, EURUSD might break the blue zone and retest the support at the top bottom before resuming the uptrend.
