Eurusd still more Upside after touching into 1.0854? đźš„
Updated
1) We have managed to Respect and hold 1.081 during London Session.
2) 1Hr Zone at 1.08230 has also held strong.
3) The 4hr closed 3 hours ago directly at our daily level 1.0854. Actually, it closed slightly below whihc is Bearish
Price doesn't have to move up anymore because we are at the resistance of the daily range after a move up this week of 110 pips this week.
I still like the weekly target at 1.089 however as we move closer to CPI data .
We'll see what happens
We may attempt to fill previous weekly wick with momentum which would be price --> 1.093
CPI would be a catlasyt to reach this target
2) 1Hr Zone at 1.08230 has also held strong.
3) The 4hr closed 3 hours ago directly at our daily level 1.0854. Actually, it closed slightly below whihc is Bearish
Price doesn't have to move up anymore because we are at the resistance of the daily range after a move up this week of 110 pips this week.
I still like the weekly target at 1.089 however as we move closer to CPI data .
We'll see what happens
We may attempt to fill previous weekly wick with momentum which would be price --> 1.093
CPI would be a catlasyt to reach this target
Trade closed: target reached
Weekly Target Hit at 1.089. Swing trade closed. It is possible we will get the weekly wick fill at 1.093
with CPI data being a catalyst to reach all the way up there
Trade closed: target reached
Second Weekly Target Hit 1.093. Bulls May rest and consolidate here and we may not see higher prices until CPI data. We have had a significant move up on the week 145 pips
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.