Strong EUR? - A EUR/USD Analysis
Updated
EUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
Trade closed: target reached
NIce call on the up move, didnt last long though!
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