EURUSD Price Action analys
Hello everyone!
This is my first post on market analysis.
I will try to explain my thoughts on this pair.
After the two-week fall of the EURUSD pair, which started from the 1.1200 zone, the pair found its support in the 1.0900-1.0890 zone.
A pin bar was formed on D1, which also indicates that sellers are losing their positions + a long divergence was formed on H4.
I think it is possible to enter longs at current prices with the nearest target of 1.1000, where the level of resistance is located. Further, in the event of a breakdown and fixation of the price above 1.1000, it will be possible to talk about more distant goals.
Thank you, good luck to everyone and have a nice day!
This is my first post on market analysis.
I will try to explain my thoughts on this pair.
After the two-week fall of the EURUSD pair, which started from the 1.1200 zone, the pair found its support in the 1.0900-1.0890 zone.
A pin bar was formed on D1, which also indicates that sellers are losing their positions + a long divergence was formed on H4.
I think it is possible to enter longs at current prices with the nearest target of 1.1000, where the level of resistance is located. Further, in the event of a breakdown and fixation of the price above 1.1000, it will be possible to talk about more distant goals.
Thank you, good luck to everyone and have a nice day!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.