I know it has been a long and painful wait for the EURUSD buyers. However, things are about to change very soon.
It's very likely that EURUSD will reverse now.
The bottom of the channel is only 30-40 pips away now and if it goes there, I will put my final buy at that point.
Once EURUSD reverses, we are likely to see 1.1150 again in the next 3-4 weeks.
It's very likely that EURUSD will reverse now.
The bottom of the channel is only 30-40 pips away now and if it goes there, I will put my final buy at that point.
Once EURUSD reverses, we are likely to see 1.1150 again in the next 3-4 weeks.
Comment:
Price dropping without any retracement. A break of 100H EMA will indicate the presence of buyers
Comment:
As mentioned earlier, price rallied to the 100H EMA which is a good sign. However, it couldn't break it which is expected because it was a very sharp downtrend.
As the EMA starts to go flat, we might finally have the break
As the EMA starts to go flat, we might finally have the break
Comment:
Price currently up 260 pips from the buy level
