The recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
In as much as I am exciting a bearish momentum; the pattern since the beginning of the week has been projecting a bullish expectation as it appears the price wants to continue to respect the bullish trendline. Hence the breakout retest of the key level at 1.02000 should support a bullish momentum in the mean time while we wait for the bearish move.Trade active
We are not ignoring the possibility of a bearish momentum as a breakdown/retest of the bullish trendline will be mature to scale in.Good afternoon
Trade active
Price remains above the key level at $1.02000 and we finally witness what seems to be a breakout of the green bearish trend line. I want to allow this candle to close to prepare for a bullish opportunity at a retest of structure.Good morning
Trade active
The bullish tendency remains valid as long as the price oscillates above the key level at $1.02000Good morning
Trade closed: target reached
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Trade smart. Trade consciously
Related publications
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.