EURUSD continues to remain in control of bulls and had cleared above 1.1000 handle last week. At the moment, EURUSD is pulling back / retracing lower and ideal support zone is towards 1.0800/35 levels, rectangle on the chart. Once the counter trend is complete EURUSD would provide another opportunity to initiate long positions with targets above 1.1500 levels.The overall structure remains bullish as 1.0636 lows remain intact. Wave 3 seems to be unfolding since 1.0730 levels, and is expected to terminate around 1.1500 in the near term.
Strategy:
Long against 1.0636, targeting 1.1500 and 1.1600.
Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage
Strategy:
Long against 1.0636, targeting 1.1500 and 1.1600.
Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage
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.
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.