Currency Pair: EUR.USD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
Live EUR.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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Price failed to provide a pullback on the intraday TF's, however price is no showing signs of deceleration on the Daily TF would could indicate a pullback to occur very soon.
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We are finally approaching the 1.2600 historical trendline resistance.
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It's been a long time coming, but we are finally seeing price test the historical descending trendline. Keep an eye out for a reversal opportunity as price approaches 1.2500
I do agree. After slight retracement i believe EURUSD shall continue climbing
UnknownUnicorn180388
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@outdooroffice, Have a great week :-)
SetagayaGirl
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@outdooroffice, Very possible. Wondering what an equity correction (not "crash") would do to some of these pairs. And esp this correction, which will "feel" like a crash. S&P 500 now 13% above 200 dma. This is a never-before-seen level. A mere retrace to that is a 13% drop. It will feel like 35%. Not sure some of the "young'uns" know what is inevitable. :)
SalahForex
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Hey Tom,
I do feel the same that EURUSD has room to go further up