EURUSD rallied and bounced exceptionally well over the past few weeks to complete what may seem is an expanding flat wave b. A decent bounce on and around 1.14400 should start seeing prices elevate north and thus create some buy opportunities. Trade safe, enjoy.
Note
An impulsive break below 1.1500 will see prices penetrate to the lows of 1.1350 so keeping such probabilities open requires proper trade management on open positions. Be a happy break-even trader.Note
Happy new week. If you are following me on this pair, well you are blessed.Today the EURUSD pushed north to further confirm upside bias. We are looking
for a continuation and break of the 1.16000 level. Thereafter a decent bounce down to 1.15700 should make room for new entries and further rally in this pair. All the best, take care.
Note
Good dayUpside on this pair has surely been confirmed, but we need one last leg down to complete what may seem like an expanded flat in a wave 2. The earlier alternative considered was a running flat with a bounce on 1.15700, of which price action developments now render highly unlikely given the strong rejection around 1.1600. We should now like to see decent developments downward to the 1.1500 for some ripe entries readying to 1.1800. All the best. Take care.
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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.