Euro PullbackEuro pair retraced clearly after an impulse wave and i am looking forward to long the pair again. in my analysis i labeled an extended wave 3 meaning that the current pullback better not break below 1.1268.
however minor low can take place near 1.1285 before upward continuation might happen.
do not forget to risk manage your trade because of the geopolitical tensions and the possibility of stronger Dollar if Russia invades Ukraine.
Strongeuro
EURCAD correting (current 61.8 FIB)#EURCAD:
(1D):
Since the end of 2020, the price has been ranging in a massive falling wedge. Since it's break, the pair started trending to the upside, following our overall bullish bias (also confirmed by the 200 EMA). This has not changed.
(4H):
Last push saw the price being stopped by a strong resistance and started retracing. Looking back at the daily, we can see that the price is currently rejecting the 61.8 FIB level.
(1H):
Looking for entry, a small falling wedge created on the 4H corrective form bottom. Currently broken to the upside, i'm waiting for previous high retest + strong bullish confirmation.
EURNZD SWING LONG - Capitalise on the strength of the EUROWith this pair currently at monthly support, there is a good opportunity to capitalize on the possibility of the pair rejecting this support. Also, the pair being at weekly support provides further confluence for the rejection of monthly support. If the market provides a daily close above daily resistance, then the re-test of that structure would present a good entry level for the swing