EURUSD - 27May2020, a day to confirm uptrend.I will risk to say that we need a break higher, because tech structure looks very promising on daily.
Today is important stage of the legal formalization of uptrend.
Support imho very close if to expect next leg higher and I will keen on 1.0954 - 1.0939 zone as described on gp.
Cheers! And pls apply your own trading and mm rules in any case.
Forexmospherians
EURUSD - the wing of paragon?I'll tell you why btw it is not going down as many of traders wish to see it.
Because you short, your dad short and even your grandma is short fiber already.
Sell interest can occur around key resistance levels only. The key atm is 1.1007-1.1017 then 1.1031 and 1.1070 as main resistance and first bulls target.
So, better if to sell then at 1.1070, or even 1.1131, but unfortunately everyone already short and even small buy interest from corps or funds push it higher.
This is classical situation in forex market and the only reason that this shorts are still alive is a constant CB's policy to kill forex volatility.
Cheers! And pls apply your own trading and mm system in any case. TTFN.
EURUSD 21 May 2020 Bullish consolidation persistMarket among retail traders still extremely short eur ag usd 69/31 net short.
Support 1.0954 / 1.0941 / 1.0913
Main resistance 1.1022 then 1.1070 as target
still think it is a bullish setup ... imho
In any case pls use your own trading and mm system of trading.
Cheers!
EURUSD. If you trade forex, better think like blondies - 50/50.What to say... Market participants caught long and most of them think that there is a big chance to break higher.
But, this is chance is as usually - 50/50... :)))
Rejection on the upside and better watch 1.0778 very closely, cus under this level is abyss already.
Cheers!