Anyone looking to sell this uptrend???

FX:EURUSD   欧元/美元
The euro made considerable ground against its US counterpart on Thursday, after finding active bids around the 1.24 handle (H4 timeframe). Largely ignoring better-than-expected US ISM manufacturing PMI data, the pair, as you can see, concluded the day marginally closing beyond the 1.25 handle and connected with a H4 AB=CD (see black arrows) 127.2% Fib ext. point at 1.2512.

Despite daily price also faintly crossing above a daily Quasimodo resistance at 1.2495, let’s keep in mind that weekly movement remains trading within the walls of a weekly supply zone printed at 1.2569-1.2287. Another essential point to consider is that yesterday’s high: 1.2522 connected beautifully with a 38.2% weekly Fib resistance at 1.2519 taken from the high 1.6038 (forms part of a weekly Fib cluster circling around the top edge of the current weekly supply base).

Potential trading zones:

With weekly supply still in play (along with weekly Fib zone) and the H4 AB=CD 127.2% Fib ext. point recently brought into the fray, as well as a truckload of stop-loss orders above 1.25 now likely filled (buy stops provide liquidity to sell), a selloff could be in store. To be safe, however, stop-loss orders for any shorts at this point are best placed beyond the weekly supply edge (1.2569).

Data points to consider: EUR Spanish unemployment change at 8am; US job’s figures at 1.30pm; US revised UoM consumer sentiment at 3pm; FOMC member Williams speaks at 7.30pm GMT .
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
Doesn't show any sign for sell setup, but should be the time for correction
+3 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出