EUR/USD Trading Idea Week 31 (01/08/2019)
Updated
Bull are still holding 1.1100 area support for now
Looking price to retest 1.12 to 1.13 resistant area before next downside.
Will be looking closely on later FOMC statement on rate cut outlook for further clue on EUR/USD direction.
A decade ever since rate cut, do not exclude possible 'reversal' soon?
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis and FA Fundamental Analysis . We want everyone here to have a higher chance of making profit and minimize losses
Looking price to retest 1.12 to 1.13 resistant area before next downside.
Will be looking closely on later FOMC statement on rate cut outlook for further clue on EUR/USD direction.
A decade ever since rate cut, do not exclude possible 'reversal' soon?
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis and FA Fundamental Analysis . We want everyone here to have a higher chance of making profit and minimize losses
Comment
1.1100 supp breachedComment
Price is now heading back to 1.1100 areaprevious supp now res area
Hammer Daily candle formation seen on last Weekly and Thursday closure.
Expect some pull back now.
However Monthly showing a very strong bearish Marubozu candle.
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.