EUR/USD Forecast: Long then short
Here is an update on EUR/USD
RECAP:
In our previous analysis EUR/USD was trading @ 1.18700
We were bullish on the pair and expected the pair to test resistance @ 1.19500
however the pair was limited to 1.19140 before falling back to 1.18700
We had Buy Stop orders @ 1.18800 & TP @ 1.19 which was hit enabling us to bank
400 pips on the pair
WHAT TO EXPECT:
We are still bullish on the pair and still expect it to test resistance @ 1.19500
From there the pair will either fall back to 1.18 or continue its uptrend & test next
resistance at 1.20
OUR POSITIONS:
Buy Stop @: 1.19
Buy Stop TP @: 1.19200
Sell Stop @: 1.18600
Sell Stop TP @: 1.18400
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.
RECAP:
In our previous analysis EUR/USD was trading @ 1.18700
We were bullish on the pair and expected the pair to test resistance @ 1.19500
however the pair was limited to 1.19140 before falling back to 1.18700
We had Buy Stop orders @ 1.18800 & TP @ 1.19 which was hit enabling us to bank
400 pips on the pair
WHAT TO EXPECT:
We are still bullish on the pair and still expect it to test resistance @ 1.19500
From there the pair will either fall back to 1.18 or continue its uptrend & test next
resistance at 1.20
OUR POSITIONS:
Buy Stop @: 1.19
Buy Stop TP @: 1.19200
Sell Stop @: 1.18600
Sell Stop TP @: 1.18400
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.