EURUSD 17/05/2021

Here is my continuation analysis of EURUSD. From my previous analysis of EURUSD, the price has been rejected from 1.2050-60 area and last Friday's daily candle showed that EURUSD still in bullish momentum. But if I look at the weekly candle, EURUSD made Hangingman candlestick which indicates that upside movement getting less pressure. For this week, I will be looking for a selling opportunity because I believe that EURUSD will go to the downside for a retracement before continuing to the upside again.

Disclaimer: This is my personal trade setup !! Please use this only for comparison with your own analysis.

Share your thoughts or idea in the comment section below and if you like my idea give support by giving thumbs.

Cheers
elliottwaveprojectionelliotwaveanalysiselliotwavecountEURUSDeurusdanalysiseurusdforecasteurusdideaTrend AnalysisWave Analysis

Related publications

Disclaimer