Euro / U.S. DollarShort
EUR/USD Quick Update: Short then Long
Here is a quick update on the pair:
In our previous analysis EUR/USD was trading @ 1.19500
We expected the pair to continue its upward trend & test resistance at 1.20500
However the pair was limited to 1.19880
Triggering our Buy Stop @ 1.19800
& falling back to 1.19100
We closed our buy order at a loss of 400 pips hoping the pair might hit our TP @ 1.20
Bearish harmonic pattern on 1H chart suggested a reversal which we jumped on @ 1.19600
& are currently in an active Sell
Also Sell Stop order has been triggered.
WHAT TO EXPECT:
US10Y & DXY currently pushing EUR to the downside
But the pair is trading at minor support/resistance level
We expect an instant reversal on the pair or to continue falling back to support @ 1.18600
We are still bullish on the pair
OUR POSITIONS:
Buy Stop @: 1.19500
Buy Stop TP @: 1.19700
Currently in two active sell orders. No new orders placed
Link to 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.
In our previous analysis EUR/USD was trading @ 1.19500
We expected the pair to continue its upward trend & test resistance at 1.20500
However the pair was limited to 1.19880
Triggering our Buy Stop @ 1.19800
& falling back to 1.19100
We closed our buy order at a loss of 400 pips hoping the pair might hit our TP @ 1.20
Bearish harmonic pattern on 1H chart suggested a reversal which we jumped on @ 1.19600
& are currently in an active Sell
Also Sell Stop order has been triggered.
WHAT TO EXPECT:
US10Y & DXY currently pushing EUR to the downside
But the pair is trading at minor support/resistance level
We expect an instant reversal on the pair or to continue falling back to support @ 1.18600
We are still bullish on the pair
OUR POSITIONS:
Buy Stop @: 1.19500
Buy Stop TP @: 1.19700
Currently in two active sell orders. No new orders placed
Link to 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.