Happy New Year Traders!
As discussed in my previous posts, EUR/USD is currently in a solid but congested uptrend (Please refer to my previous posts for a broader chart mark-up).
Today we will keep our analysis simple.
If EUR/USD has spent its time since November 16 between the levels of 1.1200 and 1.3600, then we can clearly mark that as a zone. In my recent posts, I recommended Buy entries at 1.13000 with targets of 1.13600 and 1.14500.
There was many opportunities to enter at 1.1300 during the recent trading week. Buyers and sellers have been waging war on each other for the golden zones of 1.1200 and 1.13600.
My current suggestion for the upcoming week is to wait for a consistent break above 1.13600. It needs to spend some time above here to establish a solid trend. We are still in the shoulder phase (Refer to the 4hr or my recent post)
My prognosis: Wait! This pair from a fundamental and technical view, will have a very important upcoming week. Use the time to study and mark your charts.
Chart Reference:
4HR
15 Min
Trade Well!
As discussed in my previous posts, EUR/USD is currently in a solid but congested uptrend (Please refer to my previous posts for a broader chart mark-up).
Today we will keep our analysis simple.
If EUR/USD has spent its time since November 16 between the levels of 1.1200 and 1.3600, then we can clearly mark that as a zone. In my recent posts, I recommended Buy entries at 1.13000 with targets of 1.13600 and 1.14500.
There was many opportunities to enter at 1.1300 during the recent trading week. Buyers and sellers have been waging war on each other for the golden zones of 1.1200 and 1.13600.
My current suggestion for the upcoming week is to wait for a consistent break above 1.13600. It needs to spend some time above here to establish a solid trend. We are still in the shoulder phase (Refer to the 4hr or my recent post)
My prognosis: Wait! This pair from a fundamental and technical view, will have a very important upcoming week. Use the time to study and mark your charts.
Chart Reference:
4HR
15 Min
Trade Well!