EUR/USD is looking bullish. before we see a bullish momentum it will retest 1.20000 area and thereafter break above marked key area retest and then form a nice bullish movement. for now it is looking like sells till 1.20000 area.
EUR/USD May fall 100+pips
Insight: Price moving in an ascending channel just below resistance at 1.1199. Price is likely to continue upwards and hit resistance before reversing to support at 1.0947
Intraday - 4H
Sell or Below 1.1140
Target TP: 1.1021 & 1.0947
Pivot and Support 1.0947
Looking for a short on EUR/USD if price returns to the trend line in the zone marked with the red box.
When taking into account the weekly time-frame we can see that our overall bias is bearish. Although the market has made lower highs in the last ten weeks or so it has yet to break out of the overhead downward trend line.
The bias is also bearish on...
Bull trend is still in place so far so the best probability remains to buy every retracement to follow the flow.
Always calculate the cost of the stop to properly size your trade (cost should not exceed 5/6% of your account)
Feel free to ask if you need more details about my trading tools and ideas.
This graph and comments can be updated during the european...