EURUSD- has seen a magnificant rise and long trend for several months since January.
Watching for a pullback to the 21EMA and Daily support to take this long again.
- At Monthly M3
-USD strength to resistance expected this week.
-Bearish candle LL after 3 touches of Resistance and a LL.
- the previous inside candle occurred on Friday but we did not make a HH or a LL.
-On the hourly we are bearish, having broken support and restesting.- 1.1774 & 21 EMA.
- Under 1.1717 price will turn bearish on daily.
-Watching the next possible support level of 1.1763 as a level that may hold.
Short-term bear target - 1.1623 - Support and Dly 21 EMA restest of channel bottom to take this long with confirmation.
Watching for a pullback to the 21EMA and Daily support to take this long again.
- At Monthly M3
-USD strength to resistance expected this week.
-Bearish candle LL after 3 touches of Resistance and a LL.
- the previous inside candle occurred on Friday but we did not make a HH or a LL.
-On the hourly we are bearish, having broken support and restesting.- 1.1774 & 21 EMA.
- Under 1.1717 price will turn bearish on daily.
-Watching the next possible support level of 1.1763 as a level that may hold.
Short-term bear target - 1.1623 - Support and Dly 21 EMA restest of channel bottom to take this long with confirmation.
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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.