Bullisheuro
Concept Catalog:🖼️:EURUSD Multi Spectrum🎨 T/A ☄️In Alignment with a Chart based
Bullish on 'Quality Risk' stance for foreseeable:
A multi perspective case:
The Rising Euro to USD from time
of this posting, to upside target:
~1.40 🐂🏄♀️🧙🏻♀️
Please See Detailed Charts Below -
FX_IDC:EURUSD
FX:EURUSD
OANDA:EURUSD
FOREXCOM:EURUSD
CAPITALCOM:EURUSD
SAXO:EURUSD
GLOBALPRIME:EURUSD
KRAKEN:EURUSD
CURRENCYCOM:EURUSD
EASYMARKETS:EURUSD
WHSELFINVEST:EURUSD
AMEX:FXE
Buy the Breakout EUR/USD Bullish ExpectationHi guys,
Here some analysis on the EUR/USD pair:
After some macro indicator such as a stronger non farm payroll in USA which showed higher wages, the DOLLAR got stronger and we saw a correction on this pair. Technically, the price has rallied since a long time and this might be just a natural correction.
Currently, the trend is still up and I expect the price to go up around 1.22 where there will be some resistance and perhaps a consolidation and eventually a breakout.
Here is the trend set up:
- A nice consolidation has been formed + a DB
- We can see a front running indicator,higher low supported by a big green engulfing candle
- The price is lying on the upwards trend channel
- Put a BUY LIMIT on the breakout of the consolidation, around 5 pips.
- Risk reward around 1:1.8 targeting the major DAILY resistance, around 1.21-22
If you liked my analysis feel free to leave a comment or a like.
Cheers,
Sebastiano
Will Euro continue bullish trend?Hey Traders, over the next week we are looking for more Euro bullish movement against the US Dollar. The minor structure support level is being held firm. Target for this trade is 1.19031 which is a monthly resistance area. I will update the progress of this trade on our Instagram page @thetradingdivision.
If you are interested in learning how to trade the forex markets head over to thetradingdivision.com to view our membership.