EURUSD - Expected bounce (LONG)
EURUSD currently @1.3522, after the completion of our D extension now we will wait for a bounce of at least 1.3560. Take in consideration we have a past support of 1.3475-85 level.
If we take a LONG TRADE now, we might have to be under water by 20-25 pips.
So, go to the 60(min) chart and 10 (min), place your trend lines and take the counter trend to 1.3550-60 area.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
If we take a LONG TRADE now, we might have to be under water by 20-25 pips.
So, go to the 60(min) chart and 10 (min), place your trend lines and take the counter trend to 1.3550-60 area.
IMPORTANT DISCLAIMER:
These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
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