EURUSD bounced pretty quick from the lows off 1.1320s , Now we have been hoovering around the Top resistance area of 1.1400/50 . This major resistance has been problematic for EURUSD in the last 2 weeks .
My thoughts:
If and only if the EURUSD recovery continues and the US Dollar collapse then we are heading to 1.1506 area
otherwise we are still below 200-SMA and that's still Bearish . You can SELL EURUSD at this levels if it fails again
SHORT TRADE:
SHORT Entry: 1.1420 -- 1.1435 ( EURUSD must not close above 1.1435 )
SHORT Exit: 1.1376
LONG TRADE:
LONG Entry: 1.1452 -- 1.1460 ( EURUSD must not close above 1.1452 )
LONG Exit: 1.1505
My thoughts:
If and only if the EURUSD recovery continues and the US Dollar collapse then we are heading to 1.1506 area
otherwise we are still below 200-SMA and that's still Bearish . You can SELL EURUSD at this levels if it fails again
SHORT TRADE:
SHORT Entry: 1.1420 -- 1.1435 ( EURUSD must not close above 1.1435 )
SHORT Exit: 1.1376
LONG TRADE:
LONG Entry: 1.1452 -- 1.1460 ( EURUSD must not close above 1.1452 )
LONG Exit: 1.1505
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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.