Analysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
the EURUSD was not able to close above 1.0500 as you can see on my chart, while I still believe the EURUSD has more room to the upside I think in the short term we can see EURUSD falling back to test its support level near 1.0500-1.0100.
looking at the chart you can see the zone I highlighted newer 1.0500-1.0100 represents the previous resistance which I expect will be good support for the EURUSD.
if the market reaches my support zone I will drop a one-time frame looking for valid reversal patterns or harmonic patterns together in a buy trade with good reward to risk if the rules are met.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #EURUSD
the EURUSD was not able to close above 1.0500 as you can see on my chart, while I still believe the EURUSD has more room to the upside I think in the short term we can see EURUSD falling back to test its support level near 1.0500-1.0100.
looking at the chart you can see the zone I highlighted newer 1.0500-1.0100 represents the previous resistance which I expect will be good support for the EURUSD.
if the market reaches my support zone I will drop a one-time frame looking for valid reversal patterns or harmonic patterns together in a buy trade with good reward to risk if the rules are met.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
