With price unable to drop during yesterdays downward momentum, clearly shows there is some bull left in this pair. I believe the media is being used to spread news of a strong dollar while the big boys go long. This week will close bullish then next week we should look to buy the dips. On the monthly price has already reacted showing an end to the long downtrend....
With ECB expected to hike the interest rates decision from 0.50 to 1.25 we could see anew bullish swing of the euro. BUY EurUsd at 0.99073 tp @ 1.0021 sl @ 0.9847, Looking at the price action we have an inside bar that has formed on the 1 hour chart. Use proper money management.
I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)
EURUSD price is in the range that has acted as strong resistance / support zone since 2015. I expect this zone to be respected. I expect EUR to recover 100pips+ from this region and then continue sell down. I am still bearish on EUR due to crisis in Turkey. Italy politics is also not giving any reason to celebrate.
In addition I see that volume is reducing during...
We are already in the killzone to buy here at market prices. The orignal idea and setup was to buy at the 61.8 which would have been the aggressive option. But looking at the sharp reversal from recent highs, particulary visible on the weekly and daily chart I would suggest a more conservative entry here. It was worth the waiting as we have blown way past the...
