Traders,
In our analysis of EUR/USD, we're eyeing key reversal and pivot points for potential trading opportunities:
Short entry point: 1.0725
First long zone: 1.0686
Second long zone: 1.0649
In light of the Daily chart analysis, although our long-term bias remains bearish, we anticipate the possibility of a bearish day, or at least a ranging day, today or tomorrow. However, our sentiment leans more towards bullishness before reaching the 1.0725 level.
A closer examination of the 4-hour chart reveals the potential for bearish candle formations in the coming days. Nevertheless, it also supports the notion that after a downward movement of a few pips, we may experience more bullish days ahead.
In our analysis of EUR/USD, we're eyeing key reversal and pivot points for potential trading opportunities:
Short entry point: 1.0725
First long zone: 1.0686
Second long zone: 1.0649
In light of the Daily chart analysis, although our long-term bias remains bearish, we anticipate the possibility of a bearish day, or at least a ranging day, today or tomorrow. However, our sentiment leans more towards bullishness before reaching the 1.0725 level.
A closer examination of the 4-hour chart reveals the potential for bearish candle formations in the coming days. Nevertheless, it also supports the notion that after a downward movement of a few pips, we may experience more bullish days ahead.
Note
We are around the 1st buying zone.Note
MINE: Not in considerable profit yetNote
near profitTrade closed: target reached
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.