A great opportunity to go Long EURUSD

FX_IDC:EURUSD   Euro / U.S. Dollar
I hate to go long EURUSD as you know but it seems market is fading the move generated by ECB and FED. I just trade what I see on the chart.
Comment: EU confirms trade retaliation measures to take effect on June 22
Comment: Morning Friends.

Scalpers may want to exit at 1.16445 and enter again later.

Comment: This is EURO equally weighted average daily. The red dotted line is ECB Resistance. It is almost going to fade the Euro dovish tone!

Comment: Friends,
It is amazing how we were so bullish on USD yesterday and now we are shorting this currency against other majors.
That is why that we should trade based on fundamentals at news (like ECB, FED announcements last week) and after that it is going to be only technical.

Last night I wend long AUDUSD, EURUSD, GBPUSD, EURCAD, Gold and Short USDJPY. Apart from USDJPY that is in a small lose all of them are in green.
Comment: I see a lot of SLs at 1.1675.
Comment: What a close on 4 hrs candle

Comment: Channel breakout and retest of the upper band of the channel

Comment: As mentioned above, there have been a lot of SLs around 1.1675

Comment: We should have reached to the target by this weekend :)
1% up today, not bad ...
Comment: NIKKEI gone below the Inverted H&S Neckline. USD and NIKKEI are positively correlated. Hence we may have cheaper USD which is good for our EURUSD Long trade.

Comment: Breakout ?
Comment: EXY

Comment: DXY

Comment: Good job with Time Fibo.
See line 0 and 1

Comment: Strong Breakout

Comment: E61!

Comment: EURO Weighted average to visit the upper band of the weekly wedge

Comment: 23 daily bars or around one month intervals between pivotal points for EURUSD

Comment: USD weighted average Another rejection? Fifth attempt... Really ?!!!

Comment: False breakout of the wedge formation ?

Comment: Patiently waiting for the break

Comment: German 10 Years Yields

Comment: 26 pips of profit and over one month and half being in this trade was all I could get from it ;)
Does not mean that I am bearish on EURUSD.
Comment: Perfect timing to close this trade. Right? ;)


My view EU
@DatTong, Thanks for sharing
Thanks for the reconfirmation Doctor,
Am very convinced it a true breakout. Unlike that of June 14 which was faded by ECB's statement. Holding out to the next zone upward.
@ANAIS1, Your welcome mate. Yes I totally agree.
I would trade with caution
+1 Reply
@khansalarehsan How does these fundamentals effect US Oil?
Hi @khansalarehsan you sold up, are you back in? I'm interested in this trade. Thanks!
@Jupiter1, I have only on trade on EU now which long. Previous short trade on EU hit target.
Are you showing us a sell candle here Khan?

@Orah, DXY and USD down is good for EURUSD long
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