Hello Everyone. I want share my idea about EURUSD pair.
After pretty bullish movement we have clear bearish movement. Friday we had some pretty bullish movement then it touch to trendline and got strong rejection, but it stopped at the support which is at 1.10.
In my opinions this pair is still bullish, if we look at DXY index we will see some interesting movements, next week will be crazy for US Dollar we have some big news which will show us real movement of dollar. I am still looking to dollar bearish because on high timeframe its going to show us new high which will be the best entry for all pairs for long, for this pair will be great opportunity for open our long position.
I think this little bearish movement will continue it will go into high volume area and from here we will see another big move.
Why i think that, on US Dollar index is bearish which i think in this month will retest big support zone at 98.000, for that all pair of dollar will retest their strong resistances.
Here is my 3 simple price movement of this pair.
Bullish 1/1 - price has huge reaction from little support LVL at 1.10 brake daily bearish trendline and going up.
Bullish 1/2 - price brake support at 1.10 coming into high volume area and from here starting strong move upside.
Bearish 2 - price movement downside is strong it coming into high volume area, brake daily support and weekly trendline, then retest it and with huge move its coming down.
Be Patient!!! Make your chart simple!!!
After pretty bullish movement we have clear bearish movement. Friday we had some pretty bullish movement then it touch to trendline and got strong rejection, but it stopped at the support which is at 1.10.
In my opinions this pair is still bullish, if we look at DXY index we will see some interesting movements, next week will be crazy for US Dollar we have some big news which will show us real movement of dollar. I am still looking to dollar bearish because on high timeframe its going to show us new high which will be the best entry for all pairs for long, for this pair will be great opportunity for open our long position.
I think this little bearish movement will continue it will go into high volume area and from here we will see another big move.
Why i think that, on US Dollar index is bearish which i think in this month will retest big support zone at 98.000, for that all pair of dollar will retest their strong resistances.
Here is my 3 simple price movement of this pair.
Bullish 1/1 - price has huge reaction from little support LVL at 1.10 brake daily bearish trendline and going up.
Bullish 1/2 - price brake support at 1.10 coming into high volume area and from here starting strong move upside.
Bearish 2 - price movement downside is strong it coming into high volume area, brake daily support and weekly trendline, then retest it and with huge move its coming down.
Be Patient!!! Make your chart simple!!!
Comentário:
It touch today second time to daily bearish trendline. what will do tomorrow ? lets wait.
