EURUSD Trade Idea
EURUSD
In the previous analysis, I expected EU to have further bearish continuation downwards with 1.19 support zone as the target, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two scenarios that I'm looking at
1. As the market is currently forming an ascending channel, I will be aware of the rejection of the bottom band. If the rejection is strong, a re-visit of the top band is expected (Bullish)
2. If the selling pressure continues, that could expose 1.1760 as the next support zone (Bearish)
The higher timeframe picture remains bullish. Stay flexible
Trade safe.
Do follow my profile for daily fx forecast & educational content.
In the previous analysis, I expected EU to have further bearish continuation downwards with 1.19 support zone as the target, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two scenarios that I'm looking at
1. As the market is currently forming an ascending channel, I will be aware of the rejection of the bottom band. If the rejection is strong, a re-visit of the top band is expected (Bullish)
2. If the selling pressure continues, that could expose 1.1760 as the next support zone (Bearish)
The higher timeframe picture remains bullish. Stay flexible
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.