WEEKLY ANALYSIS
WE HAVE SEEN BULLISH WEEKLY CANDLE CLOSE ABOVE 1.2 RESISTANCE
HIGHER HIGHS ARE MADE, WE ARE IN AN UPTREND UNTIL BEARISH MOMENTUM WILL COME
DAILY ANALYSIS
HIGHER HIGHS WERE MADE WITH CONFIRMATION
61.8 CONFLUENCE
TL SUPPORT CONFLUENCE
FALSE HIGH POTENTIAL IS LOWER BECAUSE WE SAW DAILY CANDLE CONFIRMATION
TARGET IS NEXT ABOVE WEEKLY RESISTANCE OF 1.215
1.195 IS SHOWING STRONG SUPPORT SIGNS
WE HAVE SEEN BULLISH WEEKLY CANDLE CLOSE ABOVE 1.2 RESISTANCE
HIGHER HIGHS ARE MADE, WE ARE IN AN UPTREND UNTIL BEARISH MOMENTUM WILL COME
DAILY ANALYSIS
HIGHER HIGHS WERE MADE WITH CONFIRMATION
61.8 CONFLUENCE
TL SUPPORT CONFLUENCE
FALSE HIGH POTENTIAL IS LOWER BECAUSE WE SAW DAILY CANDLE CONFIRMATION
TARGET IS NEXT ABOVE WEEKLY RESISTANCE OF 1.215
1.195 IS SHOWING STRONG SUPPORT SIGNS
Note
EURUSD managed to retrace down even further breaking below 1.19 before finding support @ 1.185Note
This is showing a great risk to reward set up if 1.185 will hold up as a strong support in the future. We could be looking @ a higher low set up. I am expecting EURUSD to make new highs in the future
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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.