EUR/USD
began climbing on Friday despite my expectation that it would head south and
for a (long) moment there I was concerned that I might have been wrong about my
prediction it would continue falling, but when it formed that black marubozu
candlestick in the daily filter chart I became quite convinced that I had not
been wrong after all. The trend is still very much bearish. That said, I think
we might see some range before it really does continue its descent to 1.2750 –
1.2700, so I will not begin selling again until I see a clear break below the
support level at 1.2860.
EURUSD rose during the course of last Friday session, but the 1.30 level has offered resistance yet again. However, on the weekly chart we have formed a hammer so if the pair can get above the 1.30 level this market will break out to the upside and head towards the 1.3250 level.
ReplyDeleteI agree, good analysis.
ReplyDeleteI agree with your point.
ReplyDeleteVery good analysis
ReplyDeleteThank you for the analysis i'll keep an eye EURUSD.
ReplyDeleteGood point! I'll be careful this topic
ReplyDeleteNice thanks.
ReplyDelete