EURUSD
H4 - The price last week remained in the range of 1.065 - 1.071, without choosing a direction.
Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.077. For purchases, it is better to wait for the price to fix at the level of 1.072 or for the price to decline to the lower border of the channel (1.062).
To consider selling and continuing the downward movement, it is better to wait for the channel level (1.062) to be fixed and a retest. with targets up to 1.00000
What to expect now?
You can consider entering from fixation at the level of 1.072 with a small risk on the idea with a target of 1.085
It is better not to take increased risks; a correction is being traded. Cancel an idea when assigned to a channel level.(1.062)
Long
Targets 1.077 - 1.081 - 1.085
H4 - The price last week remained in the range of 1.065 - 1.071, without choosing a direction.
Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.077. For purchases, it is better to wait for the price to fix at the level of 1.072 or for the price to decline to the lower border of the channel (1.062).
To consider selling and continuing the downward movement, it is better to wait for the channel level (1.062) to be fixed and a retest. with targets up to 1.00000
What to expect now?
You can consider entering from fixation at the level of 1.072 with a small risk on the idea with a target of 1.085
It is better not to take increased risks; a correction is being traded. Cancel an idea when assigned to a channel level.(1.062)
Long
Targets 1.077 - 1.081 - 1.085
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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.
Related publications
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.