EURUSD has been ranging for a long time (since 24th of October) and its time to break this monthly key level finaly.
Daily Closure wanna tell us thats its finaly over the big weekly range box, because daily candle closed extremely bullish and broke 1.14500, which was key level for a long time.
I'm expecting slight pullback to 1.14500 area and then i'm finaly seeing bullish movement.
Also DXY is showing us exhausting of its bullish movement and it might be ready to go down and prove our analysis on EURUSD right.
For a longterm view on EURUSD i'm seeing possible 1.18000 weekly level as a upside target, which seems really possible to me.
I'm gonna update this analysis on more intraday levels.
I wanna apologise for my english (I'm not fluent at all) and good luck, don't forget to use proper risk and money management.
Daily Closure wanna tell us thats its finaly over the big weekly range box, because daily candle closed extremely bullish and broke 1.14500, which was key level for a long time.
I'm expecting slight pullback to 1.14500 area and then i'm finaly seeing bullish movement.
Also DXY is showing us exhausting of its bullish movement and it might be ready to go down and prove our analysis on EURUSD right.
For a longterm view on EURUSD i'm seeing possible 1.18000 weekly level as a upside target, which seems really possible to me.
I'm gonna update this analysis on more intraday levels.
I wanna apologise for my english (I'm not fluent at all) and good luck, don't forget to use proper risk and money management.
Note
Potential intraday longs to 1.15400 as a upside target for EUNote
Retest our monthly key level on daily timeframe = we are heading towards 1.15400Note
Triple Resistance confluence is holding1. Trendline is holding
2. H4 resistance zone is holding
3. EMA50 is holding
If we break below, we are out of trade, otherwise we still in bullish sight
Trade closed: target reached
Forgot about this one. Target was annihilated perfectly afterretest of monthly key level. Then spiked up excatly to the T
Note
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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.