Hey Traders so looking at Euro still looks bullish but again markets can change on a dime so always be cautious because we need to be good at defense just as much as offense in this game of trading.
Some say US Dollar may bottomed some say it's still going to weaken regardless of what do news says what can the charts show us?
I see a support level of 1.1573 holding for now I see new highs made at 1.1833.
Also I see higher lows and higher highs this all signals an uptrend but again trend changes happen.
However I still see enough to stay bullish for now so if your bullish consider buying here with a stop below support 1.1424
But if bearish I would wait for break below support at 1.1424 before selling into a rally. That way market confirms it wants to change trend.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
Some say US Dollar may bottomed some say it's still going to weaken regardless of what do news says what can the charts show us?
I see a support level of 1.1573 holding for now I see new highs made at 1.1833.
Also I see higher lows and higher highs this all signals an uptrend but again trend changes happen.
However I still see enough to stay bullish for now so if your bullish consider buying here with a stop below support 1.1424
But if bearish I would wait for break below support at 1.1424 before selling into a rally. That way market confirms it wants to change trend.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
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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.