CeoCodes

EURUSD πŸ’Ά EURO Rejection above 1.22?

Long
OANDA:EURUSD   Euro / U.S. Dollar
EUR/USD recently has failed to keep gains above 1.22.

CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.

TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 1.22147
Target 2 1.22535

LEVELS TO WATCH
Price consoliation or volatility above 1.22147 can trigger a bull trap.
Comment: DAILY ASCENDING TRENDLINE
Comment: BREAK BELOW TRENDLINE INVALIDATES THE TRADE
Comment: πŸ€“ TRADE MANAGEMENT
DAY TRADE:
🎯 TARGET 1 hit - position size halved
Stops moved to entry for no risk on the next leg.
TREND TRADE:
πŸš€ Daily Chart still holding the ascending trend line
Trade closed: target reached: 🎯 TARGET 2 HIT
All Profits Taken
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Not Investment Advice, Trade at your own risk.

Comments

Eu will continue to develop the union, and as they no longer have to heed British objections, new laws and conditions will be introduced that are primarily intended to serve the interests of its members. The British will have to submit, without the opportunity or influence them.
+3 Reply
CeoCodes Rickyhu1125
@Rickyhu1125, πŸ”¨ You hit the nail on the head. The free trade agreement means UK have to follow EU standards on products UK is exporting to the EU. Norway have the same agreement and they constantly have to adapt to EU regulations.
+1 Reply
Dollar weakness is expected accross the board
+2 Reply
Brexit deal should make EU stronger.
+2 Reply
@FXkhalido, agree
Reply
On EURUSD we are at the H4 demand zone and I do expect the continuation to the upside
+1 Reply
EURUSD bulls in advantage, the attack has just begun, path for the 1.23 is launched
+1 Reply
London open was above the value range
+1 Reply
Gaining some bids at 1.221
+1 Reply
nice triangle breakout at the bottom
+1 Reply
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