EU Long
Updated
SWING IDEA
⭐️ Daily: EurUsd is in a bullish trend and it is creating a clear sequence of higher lows. The price break and retest weekly level 1.20500 weekly level to possibly continue higher.
⭐️ H4: In this timeframe, we can notice that price just broke a the weekly level strongly to upside. What we can expect is a retest of 61,8% Fibo's level that also meet an important s/d level to continue higher forming a kind of head and shoulder.
What I personally recommend is to wait for the price in the zone in H1 timeframe and then to check for and entry in lower tf such as 30 min. In this way we can reduce our sl and increase the probabilities of our trade.
According to the fundamental analysis EUR is gaining strength thanks to the new government and this increase the chance of this trade.
NEW TO CHECK:
🐂11:00am EUR PPI m/m
🐂2:15pm USD ADP Non-Farm Employment Change
🐂3:45pm USD Final Services PMI
🐂4:00pm USD ISM Services PMI
🐂4:30pm USD Crude Oil Inventorie
🐂7:00pm USD FOMC Member Evans Speaks
🐂8:00pm USD Beige Book
🙏🏼 Namasté
⭐️ Daily: EurUsd is in a bullish trend and it is creating a clear sequence of higher lows. The price break and retest weekly level 1.20500 weekly level to possibly continue higher.
⭐️ H4: In this timeframe, we can notice that price just broke a the weekly level strongly to upside. What we can expect is a retest of 61,8% Fibo's level that also meet an important s/d level to continue higher forming a kind of head and shoulder.
What I personally recommend is to wait for the price in the zone in H1 timeframe and then to check for and entry in lower tf such as 30 min. In this way we can reduce our sl and increase the probabilities of our trade.
According to the fundamental analysis EUR is gaining strength thanks to the new government and this increase the chance of this trade.
NEW TO CHECK:
🐂11:00am EUR PPI m/m
🐂2:15pm USD ADP Non-Farm Employment Change
🐂3:45pm USD Final Services PMI
🐂4:00pm USD ISM Services PMI
🐂4:30pm USD Crude Oil Inventorie
🐂7:00pm USD FOMC Member Evans Speaks
🐂8:00pm USD Beige Book
🙏🏼 Namasté
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