EURUSD Pattern continuation
Updated
Potential long setup towards the 1.21 handle,
a gravestone doji proved to be a strong support few days back at 1.184 area in high volume conditions which indicates there are plenty of buyers below.
a trade above 1.19955 -1.12 (61.8%), will signify up to 1.209 - 1.21 (100%) in view of FOMC statement release tomorrow.
key selling levels : 1.191 , 1.198 & 1.200
key buying levels : 1.180 , 1.185 & 1.200
1.2 , a psychological level , will be a struggle to overcome for both buyers and sellers, and we might take quite a bit of time to come up with a final direction but I am bullish on this pair, taking into consideration that the overall trend is still bullish as long as 1.1662 is not broken.
Buying targets : 1.21 , 1.2135 , 1.2165
selling targets : 1.185 , 1.18 , 1.1774
a gravestone doji proved to be a strong support few days back at 1.184 area in high volume conditions which indicates there are plenty of buyers below.
a trade above 1.19955 -1.12 (61.8%), will signify up to 1.209 - 1.21 (100%) in view of FOMC statement release tomorrow.
key selling levels : 1.191 , 1.198 & 1.200
key buying levels : 1.180 , 1.185 & 1.200
1.2 , a psychological level , will be a struggle to overcome for both buyers and sellers, and we might take quite a bit of time to come up with a final direction but I am bullish on this pair, taking into consideration that the overall trend is still bullish as long as 1.1662 is not broken.
Buying targets : 1.21 , 1.2135 , 1.2165
selling targets : 1.185 , 1.18 , 1.1774
Note
1.203 now in range
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.