Dear traders, I understand most of you are waiting for an uptrend
in EUR/USD. Well, it might be just around the corner.
I will give you the technical reasons on why EUR/USD might move upwards.
Firstly, notice the pinbar candlestick in the daily chart, which usually leads
to trend reversals.
Secondly, notice how the price has bounced back from the channel support.
So, a combination of these two factors can make EUR/USD move towards
1.0720 in the coming days.
However, the channel is a bearish channel and a breakdown of this would cause
quite a big fall in EURUSD. So, you need to keep this in mind.
in EUR/USD. Well, it might be just around the corner.
I will give you the technical reasons on why EUR/USD might move upwards.
Firstly, notice the pinbar candlestick in the daily chart, which usually leads
to trend reversals.
Secondly, notice how the price has bounced back from the channel support.
So, a combination of these two factors can make EUR/USD move towards
1.0720 in the coming days.
However, the channel is a bearish channel and a breakdown of this would cause
quite a big fall in EURUSD. So, you need to keep this in mind.
Note
We have very low volume today, probably next week, we will see some big movementNote
Price has reached 1.0590, up about 50 pips from my buy levelNote
Two consecutive Doji candlestick in the daily chart, we could have a interesting week coming upTrade closed: target reached
Closed@1.0720. Target reached. Profit: 180 Pips
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.
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.