As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
For EURUSD I'm looking for selling opportunities as all timeframes show bearish signals. Looking for a reversal on daily supply zone and wait for a bearish candle to enter the market. Profit target can be set on fib level -0.278%. Let's see what happens at the end of the week.
After breaking from this larger descending channel structure, it seems price is creating a smaller, ascending channel pattern in which we can now see price coming to the supporting trendline of this channel. Aiming for a simple range fill around 120pips
It's no news that EURUSD market sentiments has shifted to bullish, however, before another impulsive or corrective wave could be witnessed, it is necessary for the pair to re-test a support - Between 1.09405 and 1.09795 level is in view
though this week was very bullish for EURUSD
I think that the market leaves clear clues that it is overbought and needs a pullback.
you can notice that on 4h chart we have a sequence of two rejection candles in conjunction with
RSI divergence and resistance of a rising channel .
For this reason, I think that...