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Analysis of #EURUSD
With the perfect rally on Friday and now that we reached 1.1900 again I think the price could fall to 1.1700 or that what I wish for as I want to buy around 1.1700 and here is why.
on the weekly chart, we have the market broke its very long term downtrend it's a bullish sign for this pair and I still believe EURUSD could go to 1.2300
The DXY index still struggling and I think we have not yet reached the bottom there so long EUR is a better option here
Why 1.1700, the market on the daily chart showing an exhaustion pattern and this to me indicates that we might see a pullback at the same time we have GBP also reached a new one year high also a pervious structure, that's why I think it's not the time to buy EUR and wait for better entry around 1.1700 which is trend line support also FIB 38 golden ratio and if you like EW, I think it clusters as wave 4 of five wave up
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Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #EURUSD
With the perfect rally on Friday and now that we reached 1.1900 again I think the price could fall to 1.1700 or that what I wish for as I want to buy around 1.1700 and here is why.
on the weekly chart, we have the market broke its very long term downtrend it's a bullish sign for this pair and I still believe EURUSD could go to 1.2300
The DXY index still struggling and I think we have not yet reached the bottom there so long EUR is a better option here
Why 1.1700, the market on the daily chart showing an exhaustion pattern and this to me indicates that we might see a pullback at the same time we have GBP also reached a new one year high also a pervious structure, that's why I think it's not the time to buy EUR and wait for better entry around 1.1700 which is trend line support also FIB 38 golden ratio and if you like EW, I think it clusters as wave 4 of five wave up
⠀
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
