EUR/USD Trading Idea Week 38 (16/09/2019) 1.12 then 1.13 soon ?!
Updated
On last week we had a strong Buying force on 1.09x area right after the ECB announcement even it is a very Dovish statement by Mario
Price had now formed a double bottom
Price is now back above daily ema20 area
Price hit Aug 2018 long term downtrend support channel
Will be interesting to see how the next few daily candle form prior FOMC statement on Thurs
A break out of the Jun 2019 downtrend channel will see price immediate to retest 1.12 then 1.13 again
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
Price had now formed a double bottom
Price is now back above daily ema20 area
Price hit Aug 2018 long term downtrend support channel
Will be interesting to see how the next few daily candle form prior FOMC statement on Thurs
A break out of the Jun 2019 downtrend channel will see price immediate to retest 1.12 then 1.13 again
Traders/Investors are always advised to DYODD Do Your Own Due Diligence on our following analysis outlook.
These are NOT trade BUY/SELL/HODL call out, but outlook to align my view of the market to your own trade analysis.
These are merely based on our TA Technical Analysis , FA Fundamental Analysis and SA Strategy Analysis.
We want everyone here to have a higher chance of making profit and minimize losses.
Note
Yo-Yo Roller coaster ride on Monday & Tuesday, price retained back to same post area againNote
Unable to breakout resistant channel, price headed back to retest 1.09 then LL 1.08 area
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