Get started
UmarAbdurRehman

EURUSD Reversal - Possible Buy Trade (Macro Analysis)

Long
Euro / U.S. Dollar (FX:EURUSD)  
UmarAbdurRehman  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Wave Analysis EURUSD eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdoutlook eurusdanalysis eurusdbreakout
25
1
trendanalysis indicator waveanalysis eurusd eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdoutlook eurusdanalysis eurusdbreakout
EURUSD have been quite choppier over the past couple of weeks, price action have been trading in a narrow range.

Looking at the USD currency Index, there is a head & shoulder pattern setting up, which is in line with EURUSD macro view. Overall momentum on higher time frames is developing on this market. I am looking for a double bottom around 1.1280 area to execute long position.

Thank you for your support.
Trade safe and Good luck with this idea.

Related Ideas

UmarAbdurRehman
Crude Oil Double Top - Possible Short NOW
UmarAbdurRehman
USDCHF Strong Breakout Setup - Possible Buy Trade
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.