EUR/USD Forecast: Long
Here is what to expect on EURUSD
RECAP:
In our previous analysis EUR/USD was trading at 1.21600
We expected the pair to go trade back to its previous support at 1.21400 before continuing its bullish trend
And this is exactly what happened
The pair triggered our Sell Stop at 1.21500 before going back to resistance at 1.21800 where we opened more Sell orders
& hit our TP at 1.21300 the next day.
Today the pair has triggered our Buy Stop & Hit our TP at 1.22100.
We closed all our Sell orders at 1.21100 & Buy orders banking us 2500 pips over 20 positions on the pair.
See previous analysis to see our positions
WHAT TO EXPECT:
EUR/USD has finally broken resistance at 1.21800
Bullish harmonic pattern formed
We expect the pair to test next resistance at 1.22800
A break above that will see the pair test highs of Jan at 1.23
On the other hand if the pair fails to break resistance at 1.22800 the pair might retrace back to 1.21800
OUR POSITIONS:
Currently at 1.22160
Buy Stop @: 1.22400
Buy Stop TP @: 1.22600
Sell Stop @: 1.21700
Sell Stop TP @: 1.21500
Link to our previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP:
In our previous analysis EUR/USD was trading at 1.21600
We expected the pair to go trade back to its previous support at 1.21400 before continuing its bullish trend
And this is exactly what happened
The pair triggered our Sell Stop at 1.21500 before going back to resistance at 1.21800 where we opened more Sell orders
& hit our TP at 1.21300 the next day.
Today the pair has triggered our Buy Stop & Hit our TP at 1.22100.
We closed all our Sell orders at 1.21100 & Buy orders banking us 2500 pips over 20 positions on the pair.
See previous analysis to see our positions
WHAT TO EXPECT:
EUR/USD has finally broken resistance at 1.21800
Bullish harmonic pattern formed
We expect the pair to test next resistance at 1.22800
A break above that will see the pair test highs of Jan at 1.23
On the other hand if the pair fails to break resistance at 1.22800 the pair might retrace back to 1.21800
OUR POSITIONS:
Currently at 1.22160
Buy Stop @: 1.22400
Buy Stop TP @: 1.22600
Sell Stop @: 1.21700
Sell Stop TP @: 1.21500
Link to our previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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