lllllong term view on EU??

Updated

just looking at previous support and resistantce here

monthly MA and Fibs formed good resistance, and we may drop back to 1.11 levels?

Trade active

100pips in the pocket so far

Note

300pips in, taking some profits here.

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ready for a bounce here?

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bounce didnt happen. still short
looking at next area of resistance though to take some off the table and maybe even place a few small longs for a long term trade

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bounce did happen.
today FOMC reason for further sell or buy?

Note

Trade active

solid break of resistance;
flag/triangle - whatever you call it, its consolidation, and it broke out of it.

AB-CD measured move from it, would bring price right into the GAP around the 1.0750-1.0850 levels!

Note

bouncing of 200Ma
double bottom forming
pin bars
previous resistance & now support

all of the above is enough reason to go long EURUSD here

mcpeacocks

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