The EUR/USD has rebounded nicely from two weeks prior when we gapped down pretty significantly after tariffs were announced. The original observation was bullish after identifying a bullish pattern (Descending Megaphone) alongside MACD divergence.
We're stalling at the moment around 1.0500 and I don't expect any further movement throughout the day considering it's a U.S. market holiday however, I'm continuing to hold on to my long position and eying an exit at 1.0600 which is where the yearly pivot point is located.
If we do get to see the 1.0600 price, I will be evaluating short positions somewhere in this zone. We'll see how the remainder of this week develops and go from there.
Good Luck & Trade Safe.
We're stalling at the moment around 1.0500 and I don't expect any further movement throughout the day considering it's a U.S. market holiday however, I'm continuing to hold on to my long position and eying an exit at 1.0600 which is where the yearly pivot point is located.
If we do get to see the 1.0600 price, I will be evaluating short positions somewhere in this zone. We'll see how the remainder of this week develops and go from there.
Good Luck & Trade Safe.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
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•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。