1.0800 is key resistance level for EURUSD.
Watching it to flip . USD still strong. Big boy profiting on 15-March as Federal Reserve raised interest rate 0.25% as expected
Selling zone: 1.0770 -1.0800
Look for u turn of candle.
Have not been looking at this pairs for a while, around 1.0520 is very strong support .
Personally I see the fundamental of Euro is very fragile.
Uptrend until 1.0730 is very possible.
if there is a pull back to 1.0580 and hold there, I would consider to Buy this pairs next week.
This pairs been going wild 10 days non stop rising. Taking the level from Weekly Chart, around 1.5351 is an resistance level.
Planning to short it down to 1.5167 from around 1.5351 if this resistance level is respected.
Confirmation of closed candle development from lower timeframe is needed.
I will keep an eye on it
15 March is the next FOMC meeting for interest rate decision. I would like to see this pairs price can rise to 116.30 by then.
If that happen, I would expect some retracement, once retracement finished, I would re-access the strength and momentum of this pairs.
If Bullish momentum still hold, then buy at the dip again and target for 118.30.
If Bullish momentum...
See this Weekly Chart. We can aiming to sell in this two weeks. As
1)Touching A Downward channel is possible
2) Stoch RSI Divergent
3) Ema are possible tilting
Yet it is still very Bullish in lower timeframe,
Key level to look for reversal is 0.8665.
If price reach around 0.8665 and get reject then Sell off is possible
Sell from here at 0.8522 , Target 0.8383.
If this pairs in next 12 hrs continue to rebounce, next resistance is 0.8546, then 0.8569.
if it continue going south the next support 0.8517, then it shall rebounce from there.
Found pull back to enter the second contract.
I am going to try out pyramid style . I never have that patient before tbh. Yet I would like to challenge myself, as I see the benefit in reducing exposure of capital whilst increasing the position size, so when it pay out, it pay awesomely.
Final Target :1325
1st resistance: 1246
Estimate to add the 2nd contract btw level 1243-1246.
current STOCHRSI reading:
Weekly (16.57, 35.36) - very close to oversold
Daily (67.74, 82.30) - Overbought, turned around on 15 Feb.
4HR (9.08, 7,80) - extremely oversold
1HR (16.09, 48.25) - diving down deep in just 2 hrs time
According to these reading, I have reason to believe USDJPY need to go south further down, it it can found support around...