BULLISH EURUSD!! - Analysis FOREXOANDA:EURUSD
My speculation will be BULLISH in the next couple of days for EURUSD Pair!
As seen we are forming a parallel upwards slope. Indicating a possible bounce support on the dynamic support zone.
Why this Speculation?
1) Dynamic support zone is being retouched in a uptrend (higher high & lower lows)
2) CCI is rising UPWARDS under the undervalued area
3) Price will probably burst thru this dynamic volume indicator as this is a discount area - Seen as previous data OANDA:EURUSD
When we would be a perfect entry? - MOST IMPORTANTLY WHEN SUPERTREND TURNS GREEN
Dynamic trend line retest ✔️
CCI ✔️
Moving above dynamic profile vol. ✔️
SUPERTREND (customized) TURNING GREEEN ✔️✔️✔️
Other scenario would be a break of previous supply area and it would turn out as opposite
Take a 75 pip profit
- David van Delden
Longeurusd
EURUSDANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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buy eurusdbuy eurusd whilst risking 22pips for 100pips. using channeling technique, wave V is projected by joining the lower chanelling line through wave II and IV and extending the upper channel line to wave III. wave V is the last wave of the 5 impulse wave to form wave 1 of major wave 3. a downtrend to at least 32.8 of this monthly bullish wave is expected after completion of wave V
EURUSD Overall Bearish Bias BUT chance to enter a Long Position.Here is part 2 of my EURUSD ANALYSIS. Look below for the original analysis.
Price has begun it's bullish move to the upside and is pulling back as expected.
I will be long on EU until price meet resistance and form a bearish candlestick pattern, then I will look to short.
Here is the image of the original analysis performed on March 28
Long EURUSD- The US Return to InflationThe EURUSD pair has seen a much awaited downturn supporting the DXY's move back up to 92. However, with inflation rates projected to be on the rise with a recovering job market in the US, the assumption of near term weakness in the Dollar provides a good trade. I expect that between a US stock market coming off of lows and the German stock market sitting on highs, this trade can play into the inverse of currency exchange rates and equity pricing. That said, this week is going to likely be very volatile for the pair with big news releases expected to impact both of these currencies.