Bullish momentum is over? 📊
Updated
Eur/Usd happily continued it's acscent and bullish market structure played out nicely . Anticpating this bullish move back to retest the high created from last week (1.08566) has been modest. It is possible that we may continue to the upside and retest other key price levels such as 1.08722 and 1.0888. If price breaks below 1.08428 we may drop back into a range and price may reach across the clean traffic range to 1.08166 . A 27 Pips range.
Note
good day everyone. we can observe that overnight we held the level 1.08428 and price has continued to the upside. This was anticipated and explained in the analysis. Bullish momentum appeared quite strong to begin the week on Monday. We noted this in our video analysisIts is possible we may stretch the 15-30 pips depending on the strength of the momentum
we have 1hr resistance level at (1.08722) & We have daily resistance level at 1.08882
Note
Price is retracing back to the daily level 1.08166 as it mirrors the bullish move from Monday London session Note
Price is rejecting the Daily Level 1.08882
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.