LOOKING TO SET A LONG POSITION TO 1.13480
WEEKLY CHART TREND LINE BROKE
PRICE CONSOLIDATING AT SUPPORT OF 1.2000
BULLISH CANDLE CONFIRMATIONS AND PRICE REJECTIONS ABOVE MOVING AVERAGE NEEDED TO ENTER.
ALTHOUGH EURO IS CURRENTLY WEAK DUE TO DRAGHI WANTING TO CUT INTEREST RATES, USD DOLLAR IS WEAK AND FOMC INTEREST RATE DECISION IS TOMORROW SO THIS SHOULD...
Weekly chart strongly bullish.
Bulls back after bears lost steam yesterday afternoon.
Price has rejected 8 and 21 Ma indicating bullish movement
1:2 Risk Reward
Entry @ 1339.75
TP @ 1353
SL @ 1333
SWING HIGH - the peak reached by an indicator or a security's price. A swing high forms when the high of a price is greater than a given number of highs positioned it. Series of consecutively higher swing highs indicates that the given security is in an uptrend. A swing high can occur in a range-bound or trending market.
My analysis of EURUSD indicates there...
