eurusd strategic bullish outlook 1500/1600
Updated
🔸Hello guys, today let's review 4daily price chart for EURUSD. Strong bullish wave
in progress right now trading near 1.1000 almost 3/4 through the way, however
more upside available mid-term into end of year.
🔸Previously we had multiple 20/22% bullish price swings since the downtrend
started in 2009. 3 swings completed already, right now swing 4 in progress.
🔸Earlier we had a technical overshoot to the downside near parity, however
since then EURUSD recovered massively and now bulls are trading near 1.1000,
still more upside remains based on previous price swings.
🔸Recommended strategy position traders: bulls maintain control until re-tests of
1500/1600 so therefore I recommend to accumulate dips targeting 1500 with SL over recent lows.
Final target for the bulls in this price swing is 1500/1600, so 500-600 pips upside
remains intact. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
in progress right now trading near 1.1000 almost 3/4 through the way, however
more upside available mid-term into end of year.
🔸Previously we had multiple 20/22% bullish price swings since the downtrend
started in 2009. 3 swings completed already, right now swing 4 in progress.
🔸Earlier we had a technical overshoot to the downside near parity, however
since then EURUSD recovered massively and now bulls are trading near 1.1000,
still more upside remains based on previous price swings.
🔸Recommended strategy position traders: bulls maintain control until re-tests of
1500/1600 so therefore I recommend to accumulate dips targeting 1500 with SL over recent lows.
Final target for the bulls in this price swing is 1500/1600, so 500-600 pips upside
remains intact. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
eurusd 4hours best level buy/hold tp 1450 swing trade
Note
short-term update - see above. focus on buying dipsbased on higher highs / higher lows sequence.
Note
DXY 8hour chart EURUSD bulls get ready to buy low
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