Congratulate to who long EURUSD at trend breakout from my last analysis.
After respect the resistant at 1.20700, EURUSD made a correction move. According to uptrend channel, I would highly recommend long from 1.186 area (strong support). We could also see a pin bar appeared around this area just before the rally of EURUSD recent time. I remain bullish bias for...
Gold has gone up recent days, however, I consider that is a correction of downtrend. The recommended short area for me is around 1278-1280 when price reach the trend line (note that stop loss above the trend line). On the other hand, if the price break the trend line to form a new trend we could consider long XAUUSD.
I often use trend analysis because I love...
After the correction of USD, EURUSD has gone up 1.183 before coming back under 1.181 area. Price needs to hold below that region if bears are to take the price lower.
I remained bearish with this pair however, if price can break 1.181 region, traders could long this pair
With the FED have the plan to raise the interest, we expected that EURUSD will pull down to 1.173 area before it could surge or break the support. Therefore at the moment we remain bearish, and short-term TP is 1.173