Euro / U.S. DollarUpdated BUY EURUSD. Not on interest rate holds but Indicator Signals.
https://www.tradingview.com/x/PbfGdTl1/
EURO zone held their interest rates on hold yesterday despite expectations of a rate cut for the zone.
On the charts and there are 3; weekly, daily, 4hr.
Weekly is a 38.2 fib price retracement to a buy zone and the continuation of higher prices.
Daily chart is a recent bounce from a Buy order block triggering long bets for EURUSD.
The 4HR chart is getting bullish reversal oversold signals on Stochastic's and RSI, which tend to be very reliable on 4HR charts and higher.
EURO zone held their interest rates on hold yesterday despite expectations of a rate cut for the zone.
On the charts and there are 3; weekly, daily, 4hr.
Weekly is a 38.2 fib price retracement to a buy zone and the continuation of higher prices.
Daily chart is a recent bounce from a Buy order block triggering long bets for EURUSD.
The 4HR chart is getting bullish reversal oversold signals on Stochastic's and RSI, which tend to be very reliable on 4HR charts and higher.
Trade active
I bought at 1.0840 but buy orders up to 1.0860
Stop Loss at 1.0820 or Conservative but less RR 1.0773
Trade active
TP1 109.78 & TP2 1.11 (big Reward for a tight stop)Trade active
Below is the Daily Chart with a 200EMA written in. It is supportive of Longs especially above 109.
Trade active
This trade Long EUR USD is doing well. In profit about 27pips but I will stay long going into next week for further gains.
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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.