Updated

EU Breakout situation

EURUSD price has arrived to the 1.141 support zone. This support is an important zone. Breakout situation forming, because the price make double top again, with lower high like January 10-11th, and the price respecting the 20 day MA. If the price break the 1.141 support zone with an impulsive wave open short. The price can bounce from this zone(look at RSI:oversold(28%)) and we stay in the 1.151-1.141 consolidation zone.

Important news:
-EURO PMI: 10:00(GMT+1)
-Last:51.2
-Forecast: 50.8
-USA PMI: 15:45(GMT+1)
-Last: 54.4
-Forecast: 54.2

Note

EU markit Services PMI: 51.2
On the 30 min chart forming morning star pattern

Note

The price testing 20 day MA and the trendline. If its break the trendline open long, if break the 1.141 support zone with impulsive candle open short position. The TP is the next support/resistance for both

Trade active

I opened long position because the price break the trend line, and 20 day MA

Trade closed: target reached

Long closed because that was a fake break, but I was opened short and set trailing stop, and now the price reached my stop in profit.

Note

New analysis on EURUSD


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<p><a href="tradingview.com/chart/EURUSD/USkhmFU7-EURUSD-rebound/">EURUSD rebound</a> by <a href="tradingview.com/u/LszlRakonczai/">LszlRakonczai</a> on <a href="tradingview.com/">TradingView.com</a></p>

Note

LszlRakonczai

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LszlRakonczai

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