Euro / Dollar ASDiupdate EURUSD Trade Idea
In Friday's analysis, I expected EU to pullback towards 1.2050 zone as I can see majority was chasing the sells, which was exactly what the market performed. In today's trading session, I will remain neutral bias as EU is currently in a short-term downtrend, but long-term uptrend. There are two setups that I am looking at
1. I will be taking any retracement entries if 1.2055 minor resistance zone is clearly breached, with 1.2150 as the target zone. Be aware that we could see pullback towards 1.2010 support zone before buyers step in (Bullish)
2. If we notice some sort of grinding/ rotational movement, that could send EU back to Friday's low (Bearish)
However, do not forget the overall trend on the higher timeframe remains bullish. If you're keen to learn I've Identified a bearish reversal since early January, I will link them in the comment section below.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. I will be taking any retracement entries if 1.2055 minor resistance zone is clearly breached, with 1.2150 as the target zone. Be aware that we could see pullback towards 1.2010 support zone before buyers step in (Bullish)
2. If we notice some sort of grinding/ rotational movement, that could send EU back to Friday's low (Bearish)
However, do not forget the overall trend on the higher timeframe remains bullish. If you're keen to learn I've Identified a bearish reversal since early January, I will link them in the comment section below.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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Previous analysis
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Friday (5th Feb) when I expected EU to reverse back up.Catatan
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.