Much like
EUR/AUD, EUR/USD has found support after a long-term move to the downside – in this
case the support is at 1.1510 – and has bounced off from that level, beginning
a retracement, then has found some resistance. At said resistance at 1.1840 the
pair has formed a pair of shooting star candlesticks as well as a hanging man
candlestick, all on the daily time-frame. If the pair bounces off from the
resistance next target will be likely at 1.1600 or even at 1.1510, and a
breakout above the resistance level could lead to a further move to the upside
towards 1.1990, which is the (MA)89 indicator on the daily time-frame.
Let's see what effect the news will have on it.
ReplyDeleteLooks like is getting ready to push higher.
ReplyDeleteWill keep in mind these levels.
ReplyDeleteThe week starts with a small gap down.
ReplyDelete