COT reports showing change of uptrend for Dollar. We expect downtrend for DXY.
EUR/USD trades inside up trend channel and we want to see the next impulse to the upside soon.
Best entry is at the 200 EMA 1.110 price level, still we can start longing the pair already.
First target is 1.123 found at previous high. On the longer term we still have a bullish view on the pair, price target for next month is 1.128 found at the -27 Fib level of previous leg.
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EUR/USD trades inside up trend channel and we want to see the next impulse to the upside soon.
Best entry is at the 200 EMA 1.110 price level, still we can start longing the pair already.
First target is 1.123 found at previous high. On the longer term we still have a bullish view on the pair, price target for next month is 1.128 found at the -27 Fib level of previous leg.
If you find this analysis on point, please like and subscribe for more free market review's.
Comment your view.
Comment:
Entry point hit
Comment:
Price bounced nicely from our entry point, let's see the price going towards the target.
Comment:
We closed part of positions in profit, the rest are running risk-free.
Trade closed manually:
Due to the late market reaction of US-China agreements, we might see a strong dollar on the short term, we will close all long positions now in profit.
A retest of the lower band of the channel is possible.
A retest of the lower band of the channel is possible.