EURUSD double bottomEURUSD is bullish in all aspects of the form. It took a small double bottom to confirm the major Double bottom on the daily. ADX is bullish during the latest high. Price may proceed to retrace to retest the daily support as it was previously rejected. I will buy upon a bullish reversal on top of support.
Eurusdpullback
Eurusd pullback Hi' friends, Eurusd has reached a key resistance level 1.1, we are expecting a pullback until 61.8% fib @ 1.088 if :
1. Dxy will continue his bullish move.
2. EUR data releases will go to the red zone: French Flash Services PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, German Flash Services PMI
Recommended fx calendar: forex factory
Eur Usd Hour 4! Higher High is still forming! Look at my previous analysis of Eur Usd! The higher high is still forming but we can expect some kind of retracement around the next hot zone which should be somewhere in the area of the black trend line that I put on the chart.
So... Long a little bit more and then short! The best way to trade this is wait until price reaches the trend line and look for a pullback at this area...
So we are expecting a little bit higher ... for the higher high , and then we are looking for the next higher low....
This is of course Analysis for hour 4