EUR/USD - Are We On The Verge Of A Sustained Bull-Run?

16 Feb

From the opening on Monday to Fridays close, Euro has been on an absolute TEAR to the upside with little to no manipulated spikes to the downside confirming this weeks bullish bias with flying colours.

Originally, the first point of interest was the 1.04542 - 1.04444 daily inverted SIBI but as we saw aggression when trading through it, 1.05368 is the next bullish draw.

We have yet to reach buyside liquidity yet but we have attacked the consequent encroachment of the last up close candle wick @ 1.05127 in which we saw a rejection.

Bullish projection this week has been superb! Looking out for a continuation to the upside, closing 1.25127 and a rally up to 1.05368.

Longer term bullish draw up to 1.06826 - 1.06098 is still in play but I want to see how the delivery above 1.05368 plays a role in the possible continuation of bullish price action.

5 hari yang lalu

Catatan

mid week price action

1.04303 - 1.04478 daily FVG in play right now
With dollar gravitating lower, it will allow EURUSD to expand higher

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Catatan

Weekly Overview

Unlike GBPUSD, we failed to see a bullish delivery on the weekly timeframe.