EURUSD - CONTINUING SELL PRESSURE?
Price has broken to 100 MA on the 1HR TF and tested the 200 MA.
It has retraced back up to previous support, now resistance, which is in conjunction with the 50% retracement.. Brillant!
TP 1 - This is to the 200MA and to the daily 100MA (BLUE DASHED LINE).
TP 2 - If price breaks the 200ma 1HR TF and 100MA Daily TF, target recent low.
TP 3 - Target next swing low
**Fundamental**
Quiet week for EUR, only major impact news is the ECB next week.
Trade with care, let me know your opinion on this trade.
Many thanks,
-L
It has retraced back up to previous support, now resistance, which is in conjunction with the 50% retracement.. Brillant!
TP 1 - This is to the 200MA and to the daily 100MA (BLUE DASHED LINE).
TP 2 - If price breaks the 200ma 1HR TF and 100MA Daily TF, target recent low.
TP 3 - Target next swing low
**Fundamental**
Quiet week for EUR, only major impact news is the ECB next week.
Trade with care, let me know your opinion on this trade.
Many thanks,
-L
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