EURUSD - Update
Weekly update - Covid-19 still seems to be a factor in the global markets, it's almost a question of who recovers quickest or even who has the less amount of time without production. With various trading sentiment and a week finishing on the (Weekly) Gann levels, including a test of the upper (downtrend) channel wall. Monday will be an interesting time for this pair. If the uptrend can break the near Fib level, Gann barrier and supply zone - we could see 1.4000 level. If the Price is rejected from the current level - a downtrend should see the price drop potentially down to 1.0650 level or below.
This analysis has been done with weekly & daily Fib levels, Gann fan both uptrend & downtrend.
Comments - feedback and questions always welcome.
Enjoy the Easter weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our head trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
This analysis has been done with weekly & daily Fib levels, Gann fan both uptrend & downtrend.
Comments - feedback and questions always welcome.
Enjoy the Easter weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our head trader has over 20 years’ experience in stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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.