About meI am independent forex analyzer and Trader. My trading style: Swing Trading. I use 1W,1D and 4H as my multiple time-frames. I trade for myself and also I manage my PAMM account with logical and permanent benefit and low Risk.i use 1:10 leverage.
tonight and its close is vital for eurusd.
this pair is supper bullish but if it closes bellow the 1. 21700 it can get bearish for short-time and to reach a better support.
so stay calm and keep an eye on this pair.
it is around 2 weeks that this pair is making a triangle.
according to its long time uptrend I like to see its upward breakout.
anyway , if you are swing trader I suggest you this pair for long but after a good daily close beyond the triangle borders.
in the weekly , gold is above EMA50 and in a range .
it seems the bullish flag with a high targets is consolidated.
in the Daily chart , price is in a descending channel.
i Think the lowest barrier and support is zone of 1750-1765.
nothing can be a medal same as gold.
it will break its limitations and go to reach 2070 and 2300 and .....
but if you dont have Gold ,...
EURUSD has broken its resistance of 1.2000 after a consolidation of 130days.
it also has broken major resistance of 1.21000 strongly.
to continue , this pair needed a rest, last week eurusd was in a bullish flag and one time tried to break that.
the zone of 1.21 is a key level i think. in this zone we have major SR zone , and as you see in 4H the EMA50 is waiting...
after a consolidating for around 4 months , price broke the long-term downtrend line.
in this moment retesting has been completed. just as price is a bit stretched from its average , i will wait for a small pullback to open a buy position with very nice RRR.
just according our last forecast, gold respected to EMA50 in weekly time frame, for 3rd time and started again.
the long-therm uptrend is valid since price is up 1790 area.
but in the short-time we can have a small retracement .
Personally,I will long just in case i see a price action signal on SR zone of 1790-1815.
my 1st target would be 1round 1890.....but...
to open any long position wait for price action signal in the Daily or weekly time-frames but there are many evidences that prove Gold would fly soon.
1- price in weekly time-frame is in long-term uptrend and just above EMA50.
2- its 3rd time that price touches this EMA and in the last 2 times , price has respected this EMA.
3- the S/R important zone of that is...