EUR/USD at a critical level, which way will it got?
Hello traders, we had over 120 pips last week from out EUR/USD buy at 1.0740 level. However,
since then, price has pulled back a little.
The situation is a little tricky on the daily chart, as we are seeing some uncertain price action
in the 100-day EMA level. So, at the current price levels, I would recommend traders to
stay away from placing any new orders.
My plan is to buy the dips in EUR/USD if price goes back to the 1.0770 level again.
One of the most important things to ensure while trading is to be patient and avoid any sort of FOMO. This will ensure you trade only when the price reaches your preferred levels.
since then, price has pulled back a little.
The situation is a little tricky on the daily chart, as we are seeing some uncertain price action
in the 100-day EMA level. So, at the current price levels, I would recommend traders to
stay away from placing any new orders.
My plan is to buy the dips in EUR/USD if price goes back to the 1.0770 level again.
One of the most important things to ensure while trading is to be patient and avoid any sort of FOMO. This will ensure you trade only when the price reaches your preferred levels.
Comment:
Price is slowing moving lower
Comment:
As expected, EURUSD is indeed bullish, but I suspect we won’t see any major movements until Wednesday
Comment:
It has respected the hourly moving average
Comment:
Today's daily candle has moved above the 100 day Ema, Let's see if it sustains above it
Comment:
New set-up
Comment:
CPI in less than a hour, brace yourself for volatility