EUR/USD IDEA
Here is an analysis on the EUR/USD
Our last prediction on this pair was too accurate as we predicted the EU rise & Fall, link is attached below
Currently trading @ 1.21300
We expect the EU to retrace at least back to 1.21 before continuing its bullish trend
EU has to treat 1.21 as support for it to turn bullish again
If it breaks below previous resistance @ 1.21 we expect it to test 1.20500 or support @ 1.20
Do note though that the DXY is weak at the moment, DXY has to treat 90.3 as support for it to confirm a reversal
Bullish harmonic forming on 1H chart
Link to our previous analysis below
Our last prediction on this pair was too accurate as we predicted the EU rise & Fall, link is attached below
Currently trading @ 1.21300
We expect the EU to retrace at least back to 1.21 before continuing its bullish trend
EU has to treat 1.21 as support for it to turn bullish again
If it breaks below previous resistance @ 1.21 we expect it to test 1.20500 or support @ 1.20
Do note though that the DXY is weak at the moment, DXY has to treat 90.3 as support for it to confirm a reversal
Bullish harmonic forming on 1H chart
Link to our previous analysis below
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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.