Onward and Upward for EUR/USD
With the Fed continuing to keep interest rates low I believe the Euro will continue to gain value. We've been decelerating on the daily chart for 6 weeks now after a nice run up but haven't seen much bearish momentum to get much of a pullback. This looks like more of a short breather before the next leg up.
I have a zone on the monthly chart between 1.175 and 1.22 and the rejection of this level again made me look at the intraday for a potential reversal entry.
Technical trade of a breakout of structure on the 1hr chart with a retest of the 1 hour 50EMA and 382 fib.
Stop is placed behind the 618 retracement. I currently have no limit set on this but a soft target at 1.20 and a secondary target at 1.22
I have a zone on the monthly chart between 1.175 and 1.22 and the rejection of this level again made me look at the intraday for a potential reversal entry.
Technical trade of a breakout of structure on the 1hr chart with a retest of the 1 hour 50EMA and 382 fib.
Stop is placed behind the 618 retracement. I currently have no limit set on this but a soft target at 1.20 and a secondary target at 1.22
Pernyataan Penyangkalan
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.